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Financial firms including AI-focused Softbank and government investors including Singapore’s Temasek are defendants in a class-action lawsuit filed in the United States District Court for the Northern District of California due to dealings with FTX. The lawsuit says they are responsible for placing “billions of dollars” into FTX. Allegedly “FTX returned the favor” after they…
More plaintiffs added to US class action suit involving Temasek and other investors of FTX Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Venture capital firms Sequoia Capital, SoftBank and Sino Global Capital were also named as defendants in the lawsuit. Read more at straitstimes.com.