FTX Collapse: Temasek Writes Down $275 Investment in Fallen Crypto Firm Ahead of Bankruptcy Proceedings

Temasek on Thursday said it would write down its entire investment of $275 million (roughly Rs. 2,240 crore) in FTX. Other backers of the fallen crypto exchange such as SoftBank's Vision Fund and Sequoia Capital have also marked down their investment to zero after its collapse last week

from Gadgets 360 https://ift.tt/smfzBxW
via IFTTT