Singapore State-Owned Temasek Denies $10M Investment in Array
Per a published statement by Temasek, advertisement “We have seen news articles and a tweet from Array about Temasek’s investment in it. This news is incorrect. Temasek has not invested in Array and we have no relationship with them.” Markedly, Array listed other top-tier entities that joined Temasek in the investment. Binance Labs, the venture capital arm of a leading cryptocurrency exchange made it to the list although a Binance spokesperson claims that no investment has been made in this regard. In its announcement on Monday, May 1st, Array explained that the fund had raised the project’s valuation to about $100 million. A similar episode had transpired between top venture capital firms DRW and Nascent, and OPNX , a cryptocurrency exchange founded by Su Zhu and Kyle Davies after 3AC collapsed. After announcing a long list of investors which included DRW and Nascent, many of them denied having any involvement with the ne...