November 17, 2022

FTX HAD ‘COMPLETE FAILURE OF CORPORATE CONTROLS,’ NEW CEO SAYS.

Related: Singapore writes down $275 million in FTX, calls belief in Sam Bankman-Fried ‘misplaced.’ “In a statement on Thursday, state-owned investment company Temasek said it had decided to write down the value of its full investment in the exchange to zero, ‘irrespective of the outcome of FTX’s bankruptcy protection filing.’”

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