Temasek Implements Compensation Reduction for Team Involved in FTX Investment Scandal

Singapore’s renowned state investment fund, Temasek, announced on Monday that it has significantly reduced the compensation of the team and senior management responsible for its ill-fated investment in the collapsed cryptocurrency exchange, FTX. The move comes as a response to the alleged fraudulent conduct and misappropriation of funds by FTX’s former chief executive, Sam Bankman-Fried.