December 1, 2022

Bahamas reels from FTX collapse: ‘Crypto was going to be

Bahamas reels from FTX collapse ‘Crypto was going to be

Bahamas reels from FTX collapse ‘Crypto was going to be

Sam Bankman-Fried selected a slice of prime Bahamas actual property to construct the brand new headquarters of his fast-growing cryptocurrency trade FTX, posing with a shovel alongside the Caribbean nation’s prime minister in a shared embrace of the massive potential for digital property.

Simply seven months later, FTX’s spectacular collapse has despatched shockwaves by way of an business that promised to revolutionise finance, and shattered the credibility of the Bahamas — which put the crypto increase on the coronary heart…

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