FTX collapse might change the government and cryptocurrency exchange relations in the coming years and might have a lasting impact on regulations as well.

Singaporean state-backed investor Temasek was one of 69 investors to invest in the FTX crypto exchange’s $420 million funding round in October 2021. The firm had invested $210 million in the global exchange for a minority stake of 1% and another $65 million in its sister company FTX.US. However, the state-backed investor wrote down its entire $275 million investment in the crypto exchange “irrespective of the outcome of FTX’s bankruptcy protection filing.”