The Singapore investment fund Temasek punished the employees investing in cryptoexchange FTX

The Singapore investment fund Temasek Holdings made the decision to cut down the amount of monetary remunerations the employees responsible for investments in the cryptocurrency FTX by Group. Internal check of Temasek showed that the decision to invest $275 million in FTX in itself was not illegal and was not contrary to rules the most investment funds. Moreover, company notes that any investments bear in themselves certain risks. Nevertheless investment of capital in FTX caused material and reputation damage of companies, is spoken in Temasek statement. Collective responsibility for...