The Bahamas encouraged crypto companies like FTX to set up shop. The collapse of FTX has left many islanders feeling frustrated.
walked into a bank office here and put $4.5 million of the company’s money behind an ambitious plan to buy an oceanside parcel of land and turn it into the crypto giant’s new headquarters.
The executive, Ryan Salame, closed the deal in short order, people familiar with the matter said, just part of the company’s whirlwind real-estate shopping spree in and around Nassau. In April, the Bahamas prime minister appeared with FTX executives at a ceremonial groundbreaking on the new land. But construction never really got under way.a WSJ membership
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