The curious case of FTX and Farmington State Bank, aka Moonstone
Situated in the middle of nowhere, small-time Farmington State Bank was taken over by Sam Bankman-Fried in March. Here’s what we know.
Cryptocurrency news by Protos · Protos
November 25, 20227m 16s
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Show Notes
In bankruptcy filings, crypto exchange FTX revealed a curious connection to stablecoin Tether through a small bank in rural Washington. Farmington State Bank is in fact the 26th smallest bank in the US, out of over 4,700. Until this year, it employed three people.
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