In the two years since, a collection of startups and large crypto companies have set up shop in the Bahamas, among them FTX and OKX, another large crypto exchange. Separately, Tether, whose dollar-pegged stablecoin is central to the smooth operation of crypto markets, holds its reserves with a Bahamian bank, Deltec Bank & Trust.
But already, signs of damage dealt by the FTX collapse to the Bahamas’ status as an emerging crypto capital are beginning to show.
In December, SALT, the events company led by former White House communications director Anthony Scaramucci, announced the cancellation of Crypto
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