SINGAPORE — In our assessment of the yr, we rounded up a listing of the largest winners and losers for 2022. Part 1—The winners here.
And now for the losers:
Dee Kosh
The 2-year scandal involving Dee Kosh resulted in a 32-week jail sentence for the YouTuber in August over a number of sexual offences, which included providing money for sexual providers to a male underneath 18.
He posted on Instagram that he’s “extraordinarily sorry” for what he’s achieved, “regardless of what the headlines would possibly recommend.”
“And now it’s time to pay the value.”
Titus Low
Low, in the meantime, was sentenced to three weeks in jail for breaching a police order to access his OnlyFans account. He was fined one other S$3,000 for transmitting obscene supplies through the platform.
In a video, Low mentioned that his stint in jail “wasn’t one of the best expertise,” including that he’s glad for it to be over and is able to transfer on from this chapter of his life.
Temasek
One main bitter word in Temasek’s yr was the autumn of Crypto trade firm FTX, which filed for chapter early in November.
FTX was as soon as the third greatest cryptocurrency trade across the globe and had been price practically S$44 billion simply final January.
Shortly afterwards, Temasek Holdings issued an announcement on Thursday (Nov 17) saying it is going to be writing down its funding in FTX price US$275 million (S$377 million) whatever the consequence of the agency’s chapter safety submitting.
Cryptocurrency
As soon as upon a time, it regarded like Singapore would grow to be a worldwide centre for cryptocurrency. Nevertheless, a trio of occasions occurred in 2022 that put this into query.
First was the collapse of Terra Luna, which precipitated TerraUSD to fall as effectively.
Subsequent, Three Arrows, an area crypto hedge fund, filed for chapter, which affected crypto trade Voyager Digital and crypto lender Hodlnaut.
The latest was the autumn of FTX (see quantity 3). Its founder, Sam Bankman-Fried, now faces prices within the US of “one of many greatest monetary frauds in US historical past”.
Singapore Swimmers
We’re unsure precisely who the losers are right here, though some say it’s Singapore swim stars Joseph Education, Amanda Lim, and Teong Tzen Wei.
The three nationwide athletes admitted to having consumed managed medicine abroad. Because of this, SportSG’s assist was suspended for one month, and all three got letters of warning.
Nevertheless, the sentiment from many netizens has been to assist the three athletes and provides them one other likelihood, and SportSG has been criticized for perceived unnecessary harshness. /TISG
Ship in your scoops to information@theindependent.sg
– Commercial –