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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.
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FTX owned a teeny bank in a town of 146 people... the 26th smallest in the United States. It is now called Moonstone.
Documents in the failed crypto exchange FTX’s bankruptcy recently revealed that the firm–through its sister hedge fund Alameda–infused $11.5 million
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.