[ROFLMAO]

Crypto Exchange FTX collapse and Temasek is the 3rd largest investor ..Sinkies tax payer huat!

[p1acebo]

Can sleep well tonight

[A2Z]

Looks like over $1B vanish into thin air. Person in charge must step down.

[Pass-by]

Why is Temasek still playing with bitcoins haven't they got burnt?

[sgbuffett]

Why is Temasek still playing with bitcoins haven't they got burnt?

Munger said çryto is rat poison but people refuse to listen and refuse to stay away from such investments that they don't understand.

[ROFLMAO]

How much did Temasek lost?

https://www.straitstimes.com/business/co...ed-at-108b

https://www.asiaasset.com/post/25203-ftx...k-gte-1025

[A2Z]

if Singapore is serious in crypto...they shld look seriously at buying over ftx now, the ftt token is over-leveraged by few bil.... whats few bil if you can be the #2 crypto exchange in the world... if you truly believe its the future.

agree. Not surprise if Elon Must comes into picture to scoop dirt cheap FTX later and integrate with Twitter.

[Lukongsimi]

Cham loh

[Alam]

if Singapore is serious in crypto...they shld look seriously at buying over ftx now, the ftt token is over-leveraged by few bil.... whats few bil if you can be the #2 crypto exchange in the world... if you truly believe its the future.

White knight to FTX? Who knows, they might be discussing that right now….

[Alam]

https://sg.news.yahoo.com/ftx-crisis-ser...00788.html

[Alam]

But Steinberg cautions retail investors about being enticed to put money into speculative holdings just because influential funds and celebrities have bought in.

"What we all really know is that these massive companies or super wealthy people are putting, probably, pennies of their net worth or value into crypto. So, for BlackRock or Ontario Teachers', if they lose the whole thing, it is a rounding error," Steinberg said.

"The fact that big names are in there should mean absolutely nothing to anyone. It's a function of how much of their net worth do they actually have in these things?"

The FTX liquidity crunch is just the latest stumble in the crypto industry that some institutional investors have found themselves wrapped up in. Quebec's pension giant Caisse de dépôt et placement du Québec decided to fully write off its US$150 million investment in Celsius Network LLC earlier this year after the crypto lender went bankrupt.

[Alam]

If only these fund can donate just a rounding figure to me, or just a million or 2 and write it off… how nice ….

[singlon]

singlon hold lightly on his reset button to restart
wat shown on TV is shocking
drop like Lead

[Alam]

FTX Warns of Bankruptcy Without Rescue for $8 Billion Shortfall


https://www.bloomberg.com/news/articles/...tcy-likely

[Rainforest]

JUST IN: Sequoia Capital to mark down its $213.5 million FTX investment to $0.

[A2Z]

JUST IN: Sequoia Capital to mark down its $213.5 million FTX investment to $0.

companies make outragrous profits can write off any amount to pay less taxes. but not individual investors.

[Alam]

JUST IN: Sequoia Capital to mark down its $213.5 million FTX investment to $0.

Wah $213.5 million like Monopoly money. Will head rolls?

[Alam]

Will Temasek write off too?

[A2Z]

Will Temasek write off too?

First heads must roll. Recalled long ago they invested in some childcare biz run by s family Down Under. rumour the whole team kenna sacked after that.

[Blasterlord2]

Bloomberg - FTX Warns of Bankruptcy Without Rescue for $8 Billion Shortfall

Sam Bankman-Fried told FTX.com investors Wednesday that without a cash injection the company would need to file for bankruptcy, according to a person with direct knowledge of the matter.

On a call before Binance pulled an about-face and bailed on its takeover offer, Bankman-Fried informed investors his crypto exchange faced a shortfall of up to $8 billion and needed $4 billion to remain solvent, the person said, asking not to be named discussing private talks. FTX is attempting to raise rescue financing in the form of debt, equity, or a combination of the two, the person said.

“I f---ed up,” Bankman-Fried told investors on the call, according to people with knowledge of the conversation. He said he would be “incredibly, unbelievably grateful” if investors could help.

An FTX representative declined to comment.

The acknowledgment of his firm’s deepening troubles and limited options is a stunning turn for the crypto industry’s onetime wunderkind, who was once worth $26 billion and likened to John Pierpont Morgan. It also underscores the uncertainty hanging over FTX, its clients and cryptocurrency markets.

Hanging in the balance as the exchange teeters is not just the fate of its investors and lenders but anyone who has been unable to retrieve customer assets since it halted some withdrawals earlier in the week. The failure of crypto firms Celsius and Voyager saw billions in client money tied up in bankruptcy proceedings.

FTX has a prominent list of backers such as Sequoia Capital, BlackRock Inc., Tiger Global Management and SoftBank Group Corp. Sequoia wrote down the full value of its holdings in FTX.com and FTX.us, an indication that the firm sees no clear path to recouping its investment.

Still, Bankman-Fried remained defiant during a hectic period of roughly 24 hours that included mounting speculation that Binance wouldn’t go through with the deal.

He repeatedly told investors during the conference call on Wednesday afternoon that it was simply not true that Changpeng Zhao was walking away from the takeover, the person said.

About an hour later, Binance said it was indeed backing out.

[menghuii]

Munger said çryto is rat poison but people refuse to listen and refuse to stay away from such investments that they don't understand.

gambling. just in case. not to lose out.

[cityhantam]

https://www.businesstimes.com.sg/garage/...ce-bailout

Temasek is engaging with FTX after potential Binance bailout

FTX, the world’s third largest crypto exchange, is said to be facing a liquidity crunch. It has frozen user withdrawals and signed a non-binding letter of intent with Binance for a full acquisition on Nov 8. Temasek invested in the Series B and Series C funding rounds of FTX, which raised US$900 million and US$400 million respectively.

[singlon]

Divana
b-wet
https://youtu.be/ZbbpQvzE5qA?list=PL1yqR...GN6us8OvRZ

[singlon]

all 3 found to be FRAUDS
covid climate change and election

[ROFLMAO]

https://www.businesstimes.com.sg/garage/...ce-bailout

Temasek is engaging with FTX after potential Binance bailout

FTX, the world’s third largest crypto exchange, is said to be facing a liquidity crunch. It has frozen user withdrawals and signed a non-binding letter of intent with Binance for a full acquisition on Nov 8. Temasek invested in the Series B and Series C funding rounds of FTX, which raised US$900 million and US$400 million respectively.

WTF, this is like double down on a bad investment

[singlon]

GeorgyBoy gives ttthe tttttok
https://youtu.be/IhQzNbRHhNM?list=PL1yqR...GN6us8OvRZ

[item2sell]

CECA AGAIN!


https://www.businesstimes.com.sg/banking...ogies-such

[babygirl]

[babygirl]

[PingPongPiang]

no wonder need increase gst. to buy out and save temasek