Temasek invested >$200 million USD into failed crypto platform FTX!!!!!!
12-11-2022, 01:45 PM
12-11-2022, 02:04 PM
https://www.businesstimes.com.sg/garage/...ce-bailout
Temasek is engaging with FTX after potential Binance bailout
SINGAPORE state investor Temasek said it is in talks with crypto exchange FTX, after looming insolvency led to a potential bailout from rival Binance.
“We are aware of the developments between FTX and Binance, and are engaging FTX in our capacity as a shareholder,” said a Temasek spokesperson.
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.
Temasek is engaging with FTX after potential Binance bailout
SINGAPORE state investor Temasek said it is in talks with crypto exchange FTX, after looming insolvency led to a potential bailout from rival Binance.
“We are aware of the developments between FTX and Binance, and are engaging FTX in our capacity as a shareholder,” said a Temasek spokesperson.
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.
12-11-2022, 02:25 PM
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Ho Ching steps down on 1 Oct 2021
Ho Ching steps down on 1 Oct 2021
12-11-2022, 05:23 PM
Don't worry. GST can get back more.
12-11-2022, 06:20 PM
engaging with FTX?
lol
lol
You have 4 user(s) on ignore
Somme road, alerts, Choc, winbig
Foo Mee Har is my sister in law - FACT
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12-11-2022, 06:24 PM
engaging? f'ker hyflux investors also engaging but no use. hahahaha (sad bitter laugh).
12-11-2022, 06:27 PM
(12-11-2022, 02:04 PM)cityhantam Wrote: https://www.businesstimes.com.sg/garage/...ce-bailout
Temasek is engaging with FTX after potential Binance bailout
SINGAPORE state investor Temasek said it is in talks with crypto exchange FTX, after looming insolvency led to a potential bailout from rival Binance.
“We are aware of the developments between FTX and Binance, and are engaging FTX in our capacity as a shareholder,” said a Temasek spokesperson.
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.
How did papies treat Binance & Binance.sg, for the sake to lick Uncle Sam? lol
Karma is coming.
12-11-2022, 07:01 PM
Sack half the Mayors & PAP Ministers
13-11-2022, 11:38 AM
Cut throat biz among those crypto bosses. If BBs in sgx want to accumulate or distribute they will do it unannounced. Sneaky CZ! Bet China super happy that his Chinaman cd bring down Americano. Has USA China war move to crypto world?
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