Some crypto community members said they feel no sympathy for the tiny island nation, who they perceive as having allowed scammers to thrive in a low regulatory environment.
Following the collapse of crypto exchange FTX, which was headquartered in the island nation of Bahamas, Bahamians are reportedly still trying to find a way to make sense of everything, while remaining optimistic about the future.cryptocurrency companies to feel at home with their “copacetic regulatory touch” — has been rocked by the implosion of FTX.
Now, the community suggests that FTX’s sudden implosion has left a trail of unemployment on the tiny 80-square-mile island. While functioning at full capacity, FTX provided employment for locals, as it reportedly spent over “$100,000 a week on catering” and also set up a private shuttle service to transport workers around the island. FTX also hired a number of local Bahamians in areas such as logistics, events planning, and regulatory compliance, according to the WSJ.
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