Singapore-based Temasek Holdings Limited has announced that it will write off its $275 million investment into FTX and its associated companies. This, owing to recent developments and emerging doubts over its financial position. Temasek is a state-backed investment agency that invested $210 million in FTX International for a 1% stake and $65 million in FTX […]
Singapore-based Temasek Holdings Limited has announced that it will write off its $275 million investment into FTX and its associated companies. This, owing to recent developments and emerging doubts over its financial position.
“The thesis for our investment in FTX was to invest in a leading digital asset exchange providing us with protocol agnostic and market neutral exposure to crypto markets with a fee income model and no trading or balance sheet risk.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX users could get 40% of their deposits back, only if…FTX users could get half of their deposits back They will need to be patient because bankruptcy proceedings can take too long to complete Sam Bankman-Fried (SBF) officially filed for Chapter 11 bankruptcy for FTX, FTX US, and Alameda Research on Friday, 11 November 2022. According to reports, FTX creditors could reach one million. Adding […]
Read more »
FTX and star backers including Brady, Curry sued by investor - BNN BloombergFTX and former CEO Sam Bankman-Fried were sued by an investor over claims that the cryptocurrency exchange now in crisis targeted “unsophisticated investors” using celebrity endorsers including Tom Brady and Stephen Curry, who are also named as defendants.
Read more »
Circle reveals level of exposure to FTX; should USDC holders be worried?Circle has alluded to over $10 million exposure to FTX It also hinted at the loss suffered due to Binance’s auto conversion In a recent Twitter post, Circle’s Jeremy Allaire said that USDC only had a small amount of exposure to FTX. He did not specify in the thread in what capacity or how much […]
Read more »
U.S. House panel to hold hearing on crypto exchange FTX collapseU.S. lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars.
Read more »
A lot of oversight of teachers' pension fund despite possible FTX loss: Ontario governmentThe province is OK with oversight of the teachers\u0027 pension plan, despite a possible loss from investing in a failing cryptocurrency company.
Read more »
Bitcoin, FTX, and impact of the exchange’s collapse on BTC HODLer convictionBitcoin’s price was gravely impacted by the failure of FTX. On-chain metrics suggested a shift in HODLer’s behavior. The sudden collapse of Sam Bankman-Fried’s crypto empire left the general cryptocurrency dealing with significant losses. The effects of the events between 6 -14 November 2022 could be compared to the collapse of Mt Gox in 2012. […]
Read more »