Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months

The Bahamas’ attorney general defended the country’s regulatory regime amid crypto exchange FTX’s “debacle.” The Bahamas “is a nation of laws,” Ryan Pinder said in support of the island’s actions in the wake of the exchange’s collapse. During a 23-minute taped speech, Pinder summarized FTX’s downfall and alluded to the Bahamas’ government’s actions, while also seeking to reassure investors and tourists that the country is a safe place to visit and operate a business.