In Jan 2022; Straits Times reported Temasek made money investing in SBF’s FTX - Printable Version
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+--- Thread: In Jan 2022; Straits Times reported Temasek made money investing in SBF’s FTX (/Thread-In-Jan-2022-Straits-Times-reported-Temasek-made-money-investing-in-SBF%E2%80%99s-FTX)
In Jan 2022; Straits Times reported Temasek made money investing in SBF’s FTX - sgbuffett - 11-11-2022
Article below
We know now SBF created 3 entities and used them to create a Ponzi
schemes in which 16B was borrowed using a collateral created out of thin air.
What due diligence did Temasek do before investing? How did they assess FTX business model to be sound before investing?
https://www.straitstimes.com/business/companies-markets/temasek-among-investors-in-crypto-exchange-ftx-us-now-valued-at-108b