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Singapore Government Faces Parliament Grilling Over FTX Fallout

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.