Temasek cuts staff compensation over FTX fiasco


An employee of Temasek Holdings walks along the corridor of their office in Singapore. - AFP

Singapore: Singapore state investment fund Temasek has slashed compensation for the team and senior management responsible for its investment in collapsed cryptocurrency exchange FTX.

FTX and its sister trading house Alameda Research went bankrupt in November, dissolving a virtual trading business that at one point had been valued at US$32bil (RM147bil).

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