Notably, between October 2021 and January 2022, Temasek contributed $275M.
Similarly, The Sequoia Capital team made the decision to fully write down last week.
Organizations are continuing to dissociate themselves from the defunct FTX crypto exchange. The Sequoia Capital team made the decision to fully write down the value of its FTX assets exactly one week ago. FTX’s “liquidity crunch” and “solvency risk,” as stated by Sequoia in a letter to investors, prompted the company’s decision.
The newest turn of events involves plans by Temasek, Singapore’s state investment fund. To write off all the $275 million it had invested in the cryptocurrency exchange.
Irrespective of Bankruptcy Filing Outcome
Notably, between October 2021 and January 2022, Temasek contributed $210 million for a 1% minority investment in FTX International and $65 million for a 1.5% minority stake in FTX US over two fundraising rounds.
Official statement noted:
“In view of FTX’s financial position, we
We współpracy z: https://thenewscrypto.com/singapores-temasek-to-write-off-275m-ftx-exposure/
