SINGAPORE -- Singapore's Temasek Holdings on Monday said it reduced the compensation of its investment team and senior management, following the company's failed investment in the now-collapsed FTX cryptocurrency exchange.
The state investor said that while they found "no misconduct by the investment team in reaching their investment recommendation," the decision to cut compensation was made to take "collective accountability," Chairman Lim Boon Heng said in a statement following an internal review.
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