Treasury & Capital Markets /
TechTalk
Temasek cuts pay for staff behind FTX punt
Singapore sovereign lost 0.09% of net portfolio value with crypto exchange collapse
Tom King
30 May 2023
Following an internal review into the now-bankrupt crypto exchange FTX, previously headed by Sam Bankman-Fried, Singaporean sovereign wealth fund Temasek Holdings will cut the compensation of certain staff over the US$275 million loss it incurred by investing in the exchange.
