SG's Temasek says it conducted multiple rounds of due diligence over 8 months before investing in FTX

SG's Temasek says it conducted multiple rounds of due diligence over 8 months before investing in FTX

FILE PHOTO: A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su

In an updated statement released over the weekend, Singapore government-owned investment company Temasek said it conducted extensive due diligence for over eight months before investing in now-bankrupt crypto exchange FTX.