Singapore’s Temasek fund ‘reviewing’ $275 million FTX loss

Monetary Authority of Singapore
The MAS has proposed measures to protect retail investors in crypto-assets
George Johnson

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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