According to ChainCatcher, channelnewsasia reported that Singapore Deputy Prime Minister Lawrence Wong revealed in the country's parliament that after announcing a write-down of up to US$275 million in FTX investment, Temasek has officially launched an internal review. This review will be completed by an independent team, aiming to "study and improve its processes and learn lessons for the future". The team will report directly to the board of directors, which is also an "upgrade" of Temasek's regular review procedures.
Lawrence Wong admitted that what happened to FTX not only caused financial losses to Temasek, but also damaged its reputation. Temasek recognized this and issued a comprehensive statement explaining its due diligence process and the circumstances that led to its investment in FTX. (Source link)