Singapore's Temasek writes down entire $275m investment in FTX

Singapore's Temasek writes down entire $275m investment in FTX

FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed FTX logo and decreasing stock graph in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Editor’s note: This story was updated on Nov 17 after Temasek issued a statement on the writedown. A previous version referred to news reports on the development.

Singapore state investor Temasek Holdings on Thursday said it is writing down its entire $275 million investment in embattled crypto exchange FTX.

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