Stake Sweet Bonanza Banner 1150x90

BTC

$78039.426

0.35%

ETH

$2335.49

0.66%

XRP

$1.429

-0.46%

BNB

$631.579

-0.96%

News

Temasek Singapore Will Write Off More Than $200 Million In FTX

1 mins mins
Prefer us on Google
FTX investors including Temasek, Sequoia Capital and SoftBank are writing off hundreds of millions of dollars they poured in the now-failed exchanged, Bloomberg reported, citing people familiar. 
Temasek Singapore Will Write Off More Than $200 Million In FTX
Temasek Singapore Will Write Off More Than $200 Million In FTX 2

Singapore’s Temasek International is writing off its up to $300 million FTX investment, while Sequoia Capital wrote down the full value of its $214 million bet on the exchange. SoftBank Group Corp. is expecting a loss of $100 million on its investment.  

The news comes days after FTX filed for bankruptcy protection and amid a series of cryptic tweets by former CEO Sam Bankman-Fried that he’s trying to raise liquidity and make customers whole. 

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

CoinCu News

5/5 - (749 votes)
Follow us on Google News

FTX

FTX Investors

Sequoia Capital

SoftBank

temasek

Temasek Singapore

Avatar of Annie

Annie

16 November 2022, 15:47:46 GMT +0000

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Other Posts: