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Temasek of Singapore Examines $275 MNL FTX-Related Loss
Abstract：Temasek had invested around $275 million in FTX, which it has decided to write off after the exchange's spectacular collapse.
Deputy Prime Minister Lawrence Wong of Singapore said on Wednesday that Temasek Holdings [RIC: TEM.UL] has begun an internal assessment of its stake in the now-defunct FTX crypto exchange.
Temasek had invested roughly $275 million in FTX, which it has chosen to write down after the exchange's stunning collapse.
Wong stated in parliament that the result was “disappointing” and had harmed Temasek's image.
“The fact that other renowned global institutional investors such as BlackRock and Sequoia Capital have also invested in FTX does not offset this,” he said.
Wong, who is also the finance minister, said that the loss does not imply that Temasek's governance mechanism is ineffective, and that “no amount of due diligence and monitoring can remove the risks entirely.”
Temasek said that the cost of investing in FTX was 0.09% of its net portfolio value of S$403 billion ($293.97 billion) as of March 31, 2022, and the company presently has no direct exposure to cryptocurrencies.
(1 Singapore dollar = 1.3709 Singapore dollars)
You can check out more FTX news here: https://www.wikifx.com/en/dealer/1257143466.html
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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OmegaPro Review: Traders Flood Comment Sections with Withdrawal Denials & Scam Complaints
Has your deposit and withdrawal scenario worsened after the initial good experience at OmegaPro, a UK-based forex broker? Does the broker ask you to invest when withdrawing your funds? Did the broker officials trap you with their false promises of compound interest on your deposit? Have you found it impossible to transfer funds from your OmegaPro login to another broker’s account? Do you witness a lack of support when dealing with these unfortunate trading circumstances? These are no longer isolated complaints — they have allegedly become the reason for OmegaPro’s tarnished trust and reputation within the trading community. Read on as we share the OmegaPro review in this article.
Original 17m
Inzo Broker Review 2025: A Complete Look at Features, Costs and User Claims
Inzo Broker presents itself as a modern forex and CFD broker, started in 2021 and registered in Saint Vincent and the Grenadines. At first glance, it offers an attractive package for traders: access to the popular MetaTrader 5 (MT5) and cTrader platforms, different types of accounts for various budget levels, and a wide selection of assets to trade. These features are made to attract both new and experienced traders. However, a closer look shows a big difference between these advertised benefits and the real risks. The broker works under an offshore regulatory system, which gives limited protection to investors. More importantly, Inzo has collected many serious user complaints, especially about withdrawing funds and changing trading conditions unfairly. This mix of weak oversight and serious user claims creates a high-risk situation that potential clients must carefully think about. This review will break down these parts to give a clear, fact-based view.
Original 22m
MSG Withdrawal Complaints and Regulatory Warning
MSG (Master Select Group) withdrawals denied. Broker is unlicensed and unregulated. NFA license claim unverified.
Original 40m
An Unbiased Review of INZO Broker for Indian Traders: What You Must Know
INZO is a fairly new company in the online trading world. It started in 2021 and is registered in Saint Vincent and the Grenadines. Traders in India and around the world have noticed this broker because it offers access to popular trading platforms such as MetaTrader 5 (MT5) and cTrader. It also lets you trade many different things, such as foreign currencies, stocks, and digital currencies. The broker tries to be easy to use with features such as a low minimum deposit, which can be appealing to new traders. However, when you look more closely, the situation becomes more complicated. INZO operates as an offshore-regulated company, which brings certain risks that every trader needs to understand. Also, user feedback is very mixed - there are many serious complaints alongside some positive experiences. Read on this in-depth review of the broker.
Original 43m
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