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Singapore’s Financial Regulator Defends Itself After FTX Blowup & More Trending News

 

Wong additionally addressed the funding of Singapore’s state-owned funding fund Temasek into FTX, saying that it had prompted not simply monetary loss but in addition reputational injury. Days after Sam Bankman-Fried’s crypto enterprise filed for chapter safety within the U.S., Temasek introduced it had written off its complete FTX funding of $275 million, which it stated was made after conducting eight months of due diligence. Wong stated that Temasek had initiated an inside evaluate by an impartial crew to review and enhance its processes, and to attract classes for the long run.

Singapore’s Financial Regulator Defends Itself After FTX Blowup

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Singapore’s Financial Regulator Defends Itself After FTX Blowup

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Singapore’s Financial Regulator Defends Itself After FTX Blowup

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