Reports of US$10 million investment into crypto company Array is ‘fake news’: Temasek

SINGAPORE: Singapore state investor Temasek on Tuesday (May 2) rejected recent reports it made a US$10 million (S$13 million) investment into algorithmic currency system Array. 

Temasek released a statement on its website, calling the claims “fake news”.

“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,” said Singapore’s state investor. 

In a tweet on Monday that has since been taken down, Array thanked Temasek for the investment, adding it was “a huge milestone” for the company.