The conviction of Samuel Bankman-Fried , the former CEO of FTX , holds lessons for Singaporeans as Singapore lost its entire investment in FTX . Bankman-Fried was found guilty on all charges, including fraud and money laundering , and may face up to 115 years in prison.
FTX, once a major crypto exchange, filed for bankruptcy in November 2022. Temasek, a Singaporean investment company, wrote down its $275 million investment in FTX.
Samuel Bankman-Fried FTX Conviction Fraud Money Laundering Prison Bankruptcy Temasek Investment
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