Temasek wrote down the entirety of its investment in FTX in November.
No red flags at FTX despite 8 months of ‘extensive due diligence’ — Temasek
Despite eight months of due diligence, investment firm Temasek found no major concerns with FTX’s financials and no sign that the crypto exchange would eventually collapse.
Crypto trading firm Amber valued at $3B after big Singaporean investment
Amber Group secured a $200 million investment which has resulted in a 3x increase in its valuation since last summer.
First Sovereign Wealth Fund Joins Libra Association
One of the Singapore government’s two sovereign wealth funds, Temasek, is joining the Libra Association, alongside Paradigm and Slow Ventures in the latest round of additions to the stablecoin project.