The Tribune

EDITOR, The Tribune.

I have seen a pie chart from, https://twitter.com/whalechart/status/ 1595384133827854336?s=21 – about the global distribution of FTX customers as of “The Petition Date”.

It was noted with great interest that about one third of the FTX global customer base is stationed in two small Caribbean countries – namely Cayman Islands, and Virgin Islands.

Cayman Islands have 22% and Virgin Islands have 11% of the total FTX worldwide customer base – as of the (Bankruptcy) petition date.

Interesting, isn’t it? Take note, that China with a population of more than one billion people – accounts for 8% of FTX customer base – while India with a population of more than a billion people also, accounts for zilch percent of the FTX customer base – and the US and Great Britain together only account for 10% of FTX Base.

The following Barack Obama quote from more than a decade ago comes immediately to mind: “You’ve got a building in the Cayman Islands that supposedly houses 12,000 corporations. That’s either the biggest building or the biggest tax scam on record.”

The Cayman and Virgin Islands corporations business links and connections with FTX will be interesting to unravel no doubt.

DENNIS DAMES

Nassau,

November 24, 2022.