Thai VC fund acquires troubled exchange Zipmex for $100M: Report
Zipmex reportedly plans to use crypto assets received from the acquisition to unlock frozen customer accounts on the platform by April 2023. Go to Source Powered by WPeMatico
Singapore
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Singapore’s Temasek sees ‘reputational damage’ due to FTX, official says
Despite writing down its $275 million investment in FTX, Temasek still apparently holds its investments in many other crypto-related businesses. Go to Source Powered by WPeMatico
FTX collapse put the Singapore government in a parliamentary hot seat
The opposition party MPs has questioned the credibility over its failure to protect retail investors from FTX collapse and had demanded data on the extent of losses incurred by the investors. Go to Source Powered by WPeMatico
Crypto lender Matrixport seeks $100M funding despite lending crisis
Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise. Go to Source Powered by WPeMatico
Crypto lender Hodlnaut reportedly faces police investigation in Singapore
Hodlnaut reportedly lied about its exposure to the now-defunct Terra algorithmic stablecoin and lost nearly $190 million. Go to Source Powered by WPeMatico
Singapore central bank explains why Binance was on its alert list, but FTX wasn’t
The Monetary Authority of Singapore had its reasons, and there was nothing more it could have done about the FTX threat any way, just like other national regulators. Go to Source Powered by WPeMatico
Singapore police warn investors against FTX phishing scams: Report
FTX has an estimated $8 billion hole in its balance sheet. Investors desperate to get their money back are being targeted by phishing scams. Go to Source Powered by WPeMatico
Singapore Government’s Temasek Writes Down $275M Investment in Collapsed Crypto Exchange FTX
Singapore government’s Temasek has written down the full value of its $275 million investment in the bankrupt crypto exchange FTX. “Our belief in the actions, judgment, and leadership of Sam Bankman-Fried … would appear to have been misplaced,” Temasek admitted. Temasek’s Investments in FTX Now Worth $0 The Singapore government’s Temasek Holdings issued a statement … Read more
No red flags at FTX despite 8 months of ‘extensive due diligence’ — Temasek
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. Go to Source Powered by WPeMatico
New York Fed collaborates with Singapore MAS to explore CBDCs
A joint effort is aimed at assessing the possible use of wholesale central bank digital currencies in cross-border transactions. Go to Source Powered by WPeMatico
