[Reddishday]

Cryptocurrency exchange FTX stood on the brink of failure on Thursday after a bailout from larger rival Binance collapsed. Chief executive Sam Bankman-Fried said he was exploring all options for his firm.

Here is a history of FTX since its foundation in 2019:

2019:

May - Former Wall Street trader Sam Bankman-Fried and ex-Google employee Gary Wang founded FTX, the owner and operator of FTX.COM cryptocurrency exchange.

2020:

August - FTX acquired mobile portfolio tracking application, Blockfolio for $150 million.

2021:

July - A $900 million funding round valued FTX at $18 billion.

September - FTX signed a sponsorship deal with Mercedes' Formula 1 team.


More at https://shrtco.de/j7QnMM

[LupCheong]

This ftx really hai si jin zui Lang including me.

[Scythian]

.
Is Temasek a major contributor?

[Gemstar]

This ftx really hai si jin zui Lang including me.

Oh. Did you really involved in this?  Hope yr loss is minimal.

[LupCheong]

Oh. Did you really involved in this?  Hope yr loss is minimal.

Yup I am involved and very heart pain

[singaporean1964]

how much temasek lost?