Why did Temasek write down FTX investment?

continuing to deal with the fallout from the cryptocurrency exchange’s . In a today, Temasek, the investment firm owned by Singapore’s government, said it wrote down its full investment in FTX, “irrespective of the outcome of FTX’s bankruptcy protection filing.”

How much did FTX investment cost Bankman-fried?

The total cost of the investment was 0.09 per cent of its S$403bn (US$293bn) portfolio, it said on Thursday. Temasek was one of the blue-chip investors in Bankman-Fried’s cryptocurrency exchange, which collapsed into bankruptcy this month. SoftBank’s Vision Fund and Sequoia Capital have also had to mark down their FTX investments to zero.

Will FTX be written down?

The Singapore investment firm said it would move ahead to write down its full investment in FTX due to the latter's financial position, and regardless of the outcome of the exchange's bankruptcy protection filing.