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Amber Group raises $300M to recover from FTX contagion
16.12.2022
The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default
Amber Group ditches expansion plans after denying insolvency: Report
9.12.2022
Temasek-backed Amber has raised about $50 million in funding from a new sovereign fund, with the deal to be announced in January
Singapore’s Temasek sees ‘reputational damage’ due to FTX, official says
30.11.2022
Despite writing down its $275 million investment in FTX, Temasek still apparently holds its investments in many other crypto-related businesses
Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail
26.11.2022
The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central bank also warned that cryptocurrencies are “highly volatile and many of them have lost...
South Korea, Singapore, Japan Top Countries Most Impacted by FTX Collapse: Report
22.11.2022
A new analysis shows that the countries most impacted by the collapse of cryptocurrency exchange FTX are South Korea, Singapore, and Japan. Moreover, Russia, Germany, Turkey, Taiwan, India, Egypt, and Brazil also made the top 10 list of countries most affected by the FTX meltdown. Countries Most...
Singapore State Fund Temasek Writes Down $275 Million Investment in FTX – Here’s What Happened
18.11.2022
As the recent collapse of major exchange FTX continues to ravage the crypto markets across the world, Singapore’s state-run fund Temasek has decided to write down the $275 million investment made into the failed crypto exchange....
Read More: Singapore State Fund Temasek Writes Down $275 Million...
No red flags at FTX despite 8 months of 'extensive due diligence' — Temasek
17.11.2022
Despite eight months of due diligence, investment firm Temasek found no major concerns with FTX’s financials and no sign that the crypto exchange would eventually collapse