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Temasek from Singapore gets involved with FTX in a liquidity crisis

NFT, crypto
Published 2 weeks ago
ID #1928
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Temasek from Singapore gets involved with FTX in a liquidity crisis
NFT, crypto,
Published 2 weeks ago

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Singapore state-owned investment firm Temasek, a shareholder of FTX, has engaged the cryptocurrency exchange in the liquidity crunch that led to its unexpected and still pending bailout on Nov. 8.

We are aware of the developments between FTX and Binance, and we are engaging FTX in our capacity as a shareholder, avoiding providing further details on the impacts of the case on its portfolio.

Binance CEO Announces Intent to Acquire FTX to Help Hed Liquidity Crisis

Temasek invested in a series of FTX round findings that led to the exchange's valuation at $32 billion in January. Ten months later, the Singapore company participates in the rescue of the exchange. Temasek participated in FTX's Series B, Extended Series B, and Series C funding rounds, when the exchange raised $1 billion, $420 million, and $400 million, respectively.


Temasek FTX

FTX Singapore

Singapore Temasek
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    matias
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    NFT, crypto
    Binance FTX Singapore Temasek