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Singapore’s Temasek Writes Down $275 Million FTX Investment

Bloomberg2022-11-17

Firm’s belief in Sam Bankman-Fried appeared to be ‘misplaced’Currently has no direct exposure in cryptocurrencies: TemasekSingapore’s state-owned investor, Temasek Holdings Pte, has decided to write ...

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  • JulianAlson
    ·2022-11-18
    K
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  • robot1234
    ·2022-11-18
    Emoji for expenses, penthouses and slipshod accounting: The most damning details from new FTX CEO’s report. FTX CEO John Ray III’s filing from Thursday morning reveals a culture of laxity and permissiveness at the imploded crypto dealer, where expenses were approved with color-coded emoji and company money bought employee homes In a potentially serious concern, Almeda was granted exemption from “certain” parts of FTX’s auto-liquidation feature, a practice similar to a margin call in traditional finance. The former Enron restructuring CEO called some of the past management practices “unacceptable.” Earlier Thursday, FTX CEO John Ray III filed a declaration with the United States Bankruptcy Court for Delaware, the latest in the implosion of one of the world’s largest cryptocurrency exchanges
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    • Joel Santos
      [Like]
      2022-11-18
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    • JonLucky
      the temptation is stronger when administrative authority is weaker
      2022-11-18
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    • BC1970
      Ggh
      2022-11-18
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  • patrickLai
    ·2022-11-17
    Writing off as Write down?
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  • Goupppppppp
    ·2022-11-17
    Noted
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  • 上高山
    ·2022-11-17
    There goes cpf money
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    • ALearner
      Oh my money
      2022-11-17
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  • VivianChua
    ·2022-11-17
    Hope is better 💚 🙏 
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  • Geophy
    ·2022-11-17
    my mortgages too
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  • n86887
    ·2022-11-17
    Huh
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  • Success88
    ·2022-11-17
    Temasek BBQ le 
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  • ShareShare
    ·2022-11-17
    Understand.[Sad] 
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  • Gackky
    ·2022-11-17
    why can't you write down mine
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