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Singapore’s Temasek writes off $275M FTX investment, had misplaced belief in Sam Bankman-Fried

Singapore-owned investment fund Temasek said it was writing off its $275 million investment in the bankrupt crypto exchange FTX,  according to a Nov. 17 press statement. According to the fund, it had misplaced its “belief in the actions, judgment, and leadership” of FTX founder Sam Bankman-Fried. Temasek carried out eight months of due diligence Temasek…

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