Singapore's Temasek cuts staff compensation over failed FTX bet

State investor takes 'collective accountability' on $275m write down

20230529 Temasek and FTX

No details of the amounts of the pay cuts were given by Temasek Holdings. © Reuters

TSUBASA SURUGA, Nikkei staff writer

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.

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