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Bangkok Post
Bangkok Post
Business

Singapore government faces parliament grilling over FTX fallout

John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Nov 22, 2022. (Bloomberg photo)

Singapore’s government faces increased scrutiny over the fallout from the collapse of Sam Bankman-Fried’s FTX crypto empire.

Prime Minister Lee Hsien Loong and Deputy Prime Minster Lawrence Wong face a raft of parliamentary questions this week over the losses incurred by retail investors and the due diligence undertaken by state-owned investor Temasek Holdings Pte, which wrote down its entire $275 million investment in FTX.

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