As has often been the story at FTX, nothing really adds up. Given the lack of clarity surrounding the events that led to the cryptocurrency exchange’s contagious collapse, it is likely no surprise that tabloid-style speculation around the company and its leadership is running rampant....
One of the assets that have come to light during the bankruptcy of FTX is reportedly a stake in a U.S.-licensed bank, which it owns through a subsidiary. Farmington State Bank in the state of Washington — which now goes by the name Moonstone Bank...
January 25, 2023
Smaller banks that sought to serve once-hot sectors like cryptocurrency are now exiting those verticals. This, as long-time crypto industry partner Silvergate Bank reports steep quarterly losses tied to $8.1 billion in withdrawals while it looks to reshuffle its digital asset business offerings, and Voyager Digital-servicing Metropolitan Commercial Bank and FTX-linked Moonstone Bank have both […]
November 23, 2022
One of the assets that have come to light during the bankruptcy of FTX is reportedly a stake in a U.S.-licensed bank, which it owns through a subsidiary. Farmington State Bank in the state of Washington — which now goes by the name Moonstone Bank online — became tied to FTX in March when the […]
