Temasek Holdings issued a statement on Thursday (Nov 17) saying it will be writing down its investment in cryptocurrency exchange company FTX worth US$275 million (S$377 million) regardless of the outcome of the firm’s bankruptcy protection filing. To write down an asset is to reduce its value for tax and accounting purposes, but the asset … Continue reading Temasek: We have decided to write down our full investment (S$377 million) in FTX