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In fact, while we wrote this, Sam Bankman-Fried, the company’s co-founder, was being extradited from The Bahamas to the U.S. Mistakes made in the boom period of the past couple of years led to many write-downs, but the most egregious example of abysmal investing practices this year was FTX, the bankrupt and disgraced crypto exchange.
projects that the Bahamas, British Virgin Islands, Cayman Islands, Guernsey, Maldives, Marshall Islands, Netherlands, Saint Martin, Seychelles, Turks and Caicos, and Tuvalu will see at least 5% of their territories permanently inundated by the end of the century. Today’s extreme event becomes tomorrow’s normal event.
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