The
investment firm Temasek Holdings Pte, which invested $275 million in the cryptocurrency
exchange FTX, announced at the beginning of the week that it has reduced the
remuneration of the investment team and executive management responsible for
the decision to invest in the now-defunct company.
Although
Temasek found no misconduct in the activities of its traders, the Singaporean company
decided to impose ‘collective accountability’ on the individuals who led to the
investment in FTX. As a result, their compensation was reduced.
After FTX
declared bankruptcy
