Temasek writing off FTX investment: Bloomberg

Singapore sovereign wealth fund Temasek International is preparing to write off the value of its entire investment in bankrupt cryptocurrency company FTX, Bloomberg reported Wednesday, citing people familiar with the situation. Temasek invested between $200 million and $300 million into FTX, the report said. Last week, Sequoia said it wrote down the $214 million it invested in FTX to zero. Softbank Group said it invested $100 million in FTX.

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