Sam Bankman-Fried Said He Would Give Away Billions. Broken Promises Are All That’s Left.


By Rachel Louise Ensign and Ben Cohen
More than a year before its collapse, FTX moved its headquarters to the Bahamas—a country that worked to lure crypto companies to its shores. So what makes the nation attractive to crypto? And how could FTX’s demise change that? Illustration: Adele Morgan

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