Temasek's investment team and senior management "took collective accountability and had their compensation reduced" after the firm's failed investment in cryptocurrency company FTX, chairman Lim Boon Heng said on Monday (May 29). "With FTX, as alleged by prosecutors and as admitted by key executives at FTX and its affiliates, there was fraudulent conduct intentionally hidden from investors, including Temasek," Mr Lim said in his statement "Nevertheless, we are disappointed with the outcome of our investment, and the negative impact on our reputation," he added. An independent team had conducted an internal review ... (full story)