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The Wall Street Journal

Crypto Agency FTX Landed within the Bahamas With a Bang, and Now the Bahamas Is Choosing Up the Items


NASSAU, Bahamas—Final yr, an FTX executive walked right into a financial institution workplace right here and put $4.5 million of the corporate’s cash behind an formidable plan to purchase an oceanside parcel of land and switch it into the crypto big’s new headquarters.

The manager, Ryan Salame, closed the deal in brief order, folks conversant in the matter stated, simply a part of the corporate’s whirlwind real-estate buying spree in and round Nassau. In April, the Bahamas prime minister appeared with FTX executives at a ceremonial groundbreaking on the brand new land. However development by no means actually obtained beneath method. FTX collapsed this month, its real-estate holdings now subsumed in chapter.

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