Bahamas. One of the most exclusive places in the world is home to FTX's headquarters. Here, mid-twenties move billions through one of the largest crypto exchanges in the world. But a storm is brewing, the effects of which are being felt as far away as Germany and throughout the crypto industry.
Sam Bankman-Fried, founder of FTX, is allegedly responsible. He is no longer in the Bahamas, but in a prison in New York. The accusation: fraud. He is said to have embezzled the money of over eight million customers and thus secretly speculated.
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