Coinspeaker
Temasek Executives behind FTX Stake See Compensation Reduced
Executives of Singapore investment firm Temasek Holdings who oversaw the company’s investment in FTX will have their compensation slashed. According to reports, the firm ranked second among the major external investors in the now-insolvent FTX.
The latest update comes after Temasek carried out an internal assessment of its funding six months ago. During this assessment, the investment company disclosed that certain executives and the senior management team deliberately concealed fraudulent activities that affected both investors and Temasek.
The company, however, revealed in its May 29 announcement that there was no misconduct found after its investigations which covered reviewing FTX’s financial statements, assessing the numerous regulatory threats associated with financial service providers in the crypto space, and seeking legal advice.
Additionally, the firm sought input from people with direct insights i
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