Temasek's loss in FTX does not mean governance system is not working: Singapore Deputy PM

BlockBeats news, on November 30, in response to the failure of Temasek's investment in FTX, the Deputy Prime Minister of Singapore said that it was disappointing that Temasek lost $275 million on the FTX investment. Temasek's losses in FTX are being taken seriously and the losses do not mean that our governance system is not working. The fact that other leading global institutional investors, such as BlackRock and Sequoia Capital, have also invested in FTX does not alleviate the problem. As previously reported by BlockBeats, Temasek issued a statement on FTX on November 17, in which it decided to write down its total investment of 275 million US dollars in FTX and FTX US.