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

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)
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.