Crypto firm FTX’s ownership of a U.S. bank in a small Eastern Washington town raises questions
Written by Black Hot Fire Network on November 26, 2022
FARMINGTON, Wash. – Among the many surprising assets uncovered in the bankruptcy of the cryptocurrency exchange FTX is a relatively tiny one that could raise big concerns: a stake in one of the country’s smallest banks.
The bank, Farmington State Bank is an hour’s drive south of Spokane in Whitman County near the Idaho border. It has five employees in Farmington. But it has about 25 employees working remotely for Farmington State Bank and Moonstone Bank, said Josey Booth, director of business operations at Moonstone Bank and Farmington State Bank.
Moonstone Bank is a . . .
