Singapore’s Temasek Holdings punishes its senior staff for investing millions in now-collapsed FTX

Singapore’s Temasek Holdings, one of the world’s largest investment firms, has reportedly punished senior staff for investing tens of millions of dollars in FTX, a cryptocurrency exchange that recently collapsed. According to sources, Temasek’s investment was made last year through a subsidiary, Dymon Asia Ventures, which had not disclosed the investment to the parent company. Temasek has since removed Dymon’s founder from its board and revoked the subsidiary’s investment powers. The collapse of FTX has resulted in heavy losses for investors, and has raised concerns about the growing popularity of cryptocurrency and the lack of regulatory oversight and accountability. This story highlights the ongoing challenges and risks associated with investing in cryptocurrency and the importance of due diligence and accountability in the investment industry.