FTX, which had been one the world’s largest crypto exchanges, filed for bankruptcy protection on Friday after traders withdrew $6 billion in just 72 hours
The Singapore state investor said it had invested $210 million for a minority stake in FTX International, and $65 million in FTX US
FTX founder and former chief executive Sam Bankman-Fried, said he expanded his business too fast and failed to notice signs of trouble at the exchange
"We do need some regulations. We do need to do this properly. We do need to do this in a stable way," Binance CEO Changpeng Zhao said
Crypto exchange said on Saturday it detected unauthorised access and analytics firms said crypto assets valued at around half a billion dollars were stolen and it may have been hacked.
Crypto exchange founder Sam Bankman-Fried transferred $10 billion of customer funds from FTX to his trading firm Alameda Research, sources allege, adding that about $1.7bn is 'missing'
Cryptocurrency markets were hit hard again on Thursday, after Binance walked away from a bailout deal for its smaller rival exchange FTX.
Market participants were stunned when Binance signed a non-binding agreement on Tuesday to buy FTX's non-US unit to help cover what it called a liquidity crunch.
Bitcoin, ether slipped and FTX token plunged by more than 15% after investors were unnerved by talk of pressure on FTX's financials
The government will also review property rights for tokenised assets and explore legalising so-called smart contracts
Blockchain.com becomes one of the 18 approved crypto services in Singapore, out of 180 who have applied for a licence since January