Singapore’s Temasek fund ‘reviewing’ $275 million FTX loss
Deputy prime minister Wong admits reputational damage but says state does not need to audit fund
Singapore’s sovereign wealth fund Temasek Holdings is reviewing its $275 million investment in the now-bankrupt FTX crypto exchange, the city-state’s finance minister Lawrence Wong said.
Temasek has launched an internal review by an independent team, but Singapore’s authorities did not need to audit the fund, Wong said. In the same speech, Wong said the Monetary Authority of Singapore (MAS) has proposed some measures aimed at protecting retail investors in crypto-assets.The fund wrote off all
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