<p class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI" data-testid="paragraph-19">Singapore government-owned investment firm Temasek said it's monitoring the situation with crypto exchange FTX, one of its investments, according to Reuters. </p> <p class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI" data-testid="paragraph-19">"We are aware of the developments between FTX and Binance, and are engaging FTX in our capacity as shareholder," Temasek<a href="https://www.reuters.com/markets/currencies/cryptos-attempt-steady-binance-ftx-deal-chills-market-2022-11-09/"> told</a> Reuters.</p> <p data-testid="paragraph-19">Temasek participated in FTX's $1 billion <a href="https://www.theblock.co/post/112014/ftx-900-million-funding">Series B</a> funding round and its $420 million <a href="https://www.theblock.co/post/121428/ftx-420-million-round-69-investors-tiger-ribbit">B-1 round</a> in October 2021. It also participated in FTX's $400 million <a href="https://www.theblock.co/post/132383/venture-froth-catapults-ftx-to-32-billion-valuation">Series C</a> round in January 2022, which saw the exchange valued at $32 billion.</p> <p data-testid="paragraph-19">FTX shocked the world of crypto on Tuesday by announcing it would sell its non-U.S. assets to Binance. FTX's FTT token had tumbled after Binance CEO Changpeng Zhao said it would begin selling off its holdings. He cited "recent revelations" for the decision to sell — in a seeming reference to a CoinDesk report that had revealed details of sister firm Alameda Research's balance sheet.</p> <p data-testid="paragraph-19">Temasek didn't immediately respond to a request for comment from The Block.</p><br /><span class="copyright"><p>Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.</p> <p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>