Temasek cuts compensation for senior management, investment team behind failed FTX investment

Singapore state investor Temasek has cut compensation for the investment team and senior management responsible for their investment decision in cryptocurrency company FTX. This announcement comes after an internal review conducted in November last year found no misconduct by the team for their recommendation. Temasek had invested over S$350 million into the cryptocurrency firm. After FTX collapsed last year, it wrote off the entire amount, which is about 0.09% of its net portfolio value.

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