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One Of FTX's Biggest Victims Could Be The Bahamas' Finance Reputation
The island nation created a one-stop regulatory shop that gave crypto companies wide latitude.
20 Jan 2023, 06:31 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![<div class="paragraphs"><p>NEW YORK, NEW YORK - DECEMBER 22: FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his arraignment and bail hearings on December 22, 2022 in New York City. (Photo by Michael M. Santiago/Getty Images)</p></div>](https://media.assettype.com/bloombergquint%2F2022-12%2F57c6c926-5347-4141-a134-7e78d0d4b78e%2F_1x_1.jpg?auto=format%2Ccompress&w=200)
NEW YORK, NEW YORK - DECEMBER 22: FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his arraignment and bail hearings on December 22, 2022 in New York City. (Photo by Michael M. Santiago/Getty Images)
(Bloomberg Businessweek) -- Years before Sam Bankman-Fried became a household name by building and blowing a billion-dollar cryptocurrency empire, he was on the hunt for a new corporate home in the Caribbean. In April 2019, his company, FTX Trading Ltd., registered in Antigua and Barbuda, a nation of tiny, idyllic islands 1,400 miles southwest of Florida.
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