Singapore’s Temasek Takes Accountability for FTX Investment Loss, cuts salaries of staff involved

After FTX's collapse, Temasek wrote off its entire investment, which amounted to $210 million for FTX International and $65 million for FTX.US.'

After FTX's collapse, Temasek wrote off its entire investment, which amounted to $210 million for FTX International and $65 million for FTX.US.'

A broad spectrum of services, including trading in digital tokens, are among the goals of the bank.

Gemini claims that the scale of its new engineering hub in India will be second only to that of its hub in the US.

The cryptocurrency platform Luno, whose parent company is Digital Currency Group (DCG), will quit the Singapore market.

The Securities and Exchange Commission was granted permission by a US judge to search Singapore for Terraform Labs and founder Do Kwon-related records.

Troubled cryptocurrency lending company, Babel Finance, will have more time to repay creditors.

Officials in Singapore are working with local financial institutions to create common criteria for vetting clients in the digital asset market.

The firm behind the unsuccessful TerraUSD (UST) stablecoin, Terraform Labs, is the subject of an investigation, according to Singapore police.

Three Arrows Capital Liquidators have also recovered $2.8 million from forced redemptions of investments

Key Takeaways Singapore’s state investment fund Temasek had stated it had written off its entire $275 million investment in bankrupt crypto exchange FTX. “In view of FTX’s financial position, we have decided to write down our full investment in FTX,…