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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 2

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 Crypto.com have denied exposure to FTX and Alameda.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.