No, compasses work just fine in the Bermuda
The Bermuda Triangle is the triangular region
of ocean bounded by Bermuda on the northeast,
Puerto Rico on the southeast, and the southern tip
of Florida on the west. Basically, it's the region
of ocean north of the Caribbean.
Statistically speaking, no more ships/aircraft
have disappeared or sank in the Bermuda Triangle
than in any other region of ocean of comparable
size. This isn't to say that it is or was safe
(e.g. in the age of sail it was quite dangerous),
just no more dangerous than the rest of the ocean.
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