Cryptocurrencies
How The FTX Collapse Shook The Bahamas
The Bahamas has been trying to make a name for itself in the financial services sector. Now, the FTX bankruptcy is jeopardizing that.
The Crypto Isle crypto business co-working space in Nassau, Bahamas.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
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It’s been three months since one of the most influential crypto exchanges collapsed into bankruptcy. FTX’s demise brought with it a wave of financial uncertainty and distress across the crypto industry. But it also had an effect on the small island nation where the crypto exchange had established its headquarters: The Bahamas.