Singapore's Temasek to review FTX crypto deal after $275m hit

City-state's finance minister admits reputational damage for state investor

20221130 temasek and ftx

Singapore's Temasek has faced questions over the nature of its due diligence on FTX after it took a $275 million write-down on the exposure. (Source photos by Reuters)

DYLAN LOH, Nikkei staff writer

SINGAPORE -- Singapore on Wednesday acknowledged that its state investment arm Temasek suffered "reputational damage" after a failed bet on FTX, one of the world's largest cryptocurrency exchanges.

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