CNN: Singapore writes down $275 million in FTX, calls belief in Sam Bankman-Fried ‘misplaced’

CNN: Singapore writes down $275 million in FTX, calls belief in Sam Bankman-Fried ‘misplaced’. “In a statement on Thursday, state-owned investment company Temasek said it had decided to write down the value of its full investment in the exchange to zero, ‘irrespective of the outcome of FTX’s bankruptcy protection filing.’ Temasek said it had invested $275 million in the crypto exchange, which was once considered one of the biggest and most reputable players in the market for digital assets.”

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