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Almeda s investment in a small bank giving up its crypto and cannabis ambitions

Farmington State Bank had 3 staff and was the 26th-smallest bank in America out of a total 4,800.Then FTX bought an $11.5 million stake in the bank, it has emerged during FTX's bankruptcy case.

New yorkUnited statesWhitman countyJames bromleyJohn widmanNew york timesFarmington state bankMoonstone bankFederal reserveState bankAdvisors presidentCamden fineGlobal finance

FTX and the Curious History of Farmington State Bank

The best uncensored news, information, and analysis.

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FTX Secretly Owned a Teeny Bank in the Middle of Nowhere

FTX owned a teeny bank in a town of 146 people. the 26th smallest in the United States. It is now called Moonstone.

Whitman countyUnited statesTrung phan trungtphanJean chalopinJames bromleySamuel bankmanJohn widmanAlameda researchDeltec bankFarmington state bankFederal reserveGlobal financeSamuel bankman friedAdvisors presidentCamden fineFarmington state

Moonstone Bank Is Still Waiting To See What Happens With FTX/Alameda $11 5 Million Seed Investment

Documents in the failed crypto exchange FTX’s bankruptcy recently revealed that the firm–through its sister hedge fund Alameda–infused $11.5 million

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FTX Owned $11 5 Million Stake in Tiny Rural Bank With 3 Employees

FTX's investment was double the net worth of Farmington State Bank, the 26th-smallest bank in the US, which is based in a rural farming town.

New yorkUnited statesWhitman countySam bankmanRamnik aroraJohn widmanNew york timesTerms of serviceAlameda researchFarmington state bankMoonstone bankState bankSam bankman friedGoogle street viewSam bankman friedEte syme

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