.Temasek is preparing to write off between $200 million and $300 million that it invested in bankrupt crypto exchange FTX_Official earlier this year, according to Bloomberg. By JamieCrawleyCD
It will remain to be seen to what extent having to write off $200 million to 300 million on the back of FTX's dramatic collapse will dampen Temasek's appetite for the digital assets industry. Temasek managed $294 billion in assets as of the end of March, according to Bloomberg.
FTX went from being one of the largest crypto exchanges in the world to being declared bankrupt in little over a week after irregularities in the balance of sheet of sister firm Alameda Research came to light following
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warriors pause partnership with FTX after cryptocurrency firm files for bankruptcyThe first 10,000 fans attending Monday’s game against the San Antonio Spurs received a Jordan Poole “Poole Party” bobblehead that was sponsored by FTX.
Read more »
Report: Sam Bankman-Fried Used FTX Customer Accounts to Fund Investment FirmSam Bankman-Fried’s trading firm, Alameda Research, allegedly traded billions of dollars from FTX customers’ accounts and leveraged the crypto exchange’s native token as collateral.
Read more »
Warriors join Heat, suspend deal with FTX after cryptocurrency company declares bankruptcyThe Golden State Warriors are suspending their deal with FTX, too.
Read more »
Sam Bankman-Fried wishes 'we'd bitten off a lot less' after FTX implodedBahamas-based FTX filed for bankruptcy and Bankman-Fried resigned as its CEO last Friday, after it was caught in a massive liquidity crisis.
Read more »
SEC Chairman Gary Gensler met with head of FTX months before collapseSEC Commissioner Gary Gensler met with Sam Bankman-Fried, the head of FTX eight months before its collapse and the company was forced into bankruptcy.
Read more »
Former Huobi-linked entity says it has $18.1 million stuck on FTXLooks like one company has over $18M stuck on FTX still. What recourse is there really at this point?
Read more »