Temasek Is Tracking Its Investment In FTX

Investment firm Temasek said it is related to crypto exchange FTX and is monitoring one of its investments, according to Reuters.
Temasek Is Tracking Its Investment In FTX

Temasek told Reuters:

“We are aware of the developments between FTX and Binance, and are engaging FTX in our capacity as shareholder.”

Temasek took part in FTX’s $420 million B-1 financing round in October 2021 and its $1 billion Series B funding round. It also participated in FTX’s $400 million Series C round, which raised funds in January 2022 and valued the exchange at $32 billion.

The chaos after the collapse of FTX, the cryptocurrency exchange that was just acquired by Binance, is still happening. The companies Tether and have denied exposure to FTX and Alameda.

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