Singapore state investor Temasek engaging with FTX as a shareholder Reuters

Singapore government-owned investment firm Temasek said it’s monitoring the situation with crypto exchange FTX, one of its investments, according to Reuters. “We are aware of the developments between FTX and Binance, and are engaging FTX in our capacity as shareholder,” Temasek told Reuters. FTX shocked the world of crypto on Tuesday by announcing it would sell its non-U.S. assets to Binance. FTX’s FTT token had tumbled after Binance CEO Changpeng Zhao said it would begin selling off its holdings.