Temasek Holdings, a private company owned by the Singaporean Government, made the second-largest investment in FTX before its collapse. The investment was worth $275 million, but Temasek had to write it off completely after the platform's failure. Temasek conducted an internal investigation to avoid further damage to its reputation, but other investment firms, including Sequoia Capital, Softbank, and the Ontario Teachers' Pension Plan, also wrote off their investments. Temasek's internal audit found no misconduct on their part, but critical information was hidden by FTX. The investment team and senior management took responsibility for the failed investment and had their compensation reduced.
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