FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creating a micro-economy revolving around the disgraced exchange. Now with the collapse, the once bustling area around FTX HQ is barren, with jobs disappearing right along with it, and locals are not happy. However, some of the crypto community are feeling zero sympathy with the nation, stating their pre-disposition to be a haven for those wanting to evade taxes “serves them right” for this situation they provided.