FTX investors write down assets after bankruptcy declaration
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Singapore state investor Temasek Holdings said it would write down the value of its entire investment of $275M in collapsed crypto currency exchange FTX. FTX's other backers such as SoftBank Group's Vision Fund and crypto-focused hedge fund Sequoia Capital have also marked down their investment to zero after FTX, founded by Sam Bankman-Fried, filed for bankruptcy.
We spoke to Susannah Streeter, who is investment analyst at Hargreaves Lansdown in the UK.
#FTX #Temasek #SoftBank
FTX investors write down assets after bankruptcy declaration