In April, as Bitcoin hovered around $40,000 and Three Arrows Capital and Terraform Labs still minted money, FTX broke ground on a $60 million headquarters in the Bahamas, with Prime Minister Philip Davis standing next to Sam Bankman-Fried for the occasion.
Davis touted the event as a sign that the Bahamas would become a hub for international companies, and that FTX setting up shop would help create some 400 domestic jobs.
