FTX-Linked Bank Receives Federal Enforcement Action for Digital Asset Activities
The Federal Reserve Board has taken enforcement action against Farmington State Bank, a small bank linked to now-defunct crypto exchange FTX, for engaging in undisclosed digital asset activities. According to a Thursday...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to a Thursday press release, the Federal Reserve Board, in collaboration with the Washington State Department of Financial Institutions, has directed Farmington State Bank, known as Moonstone Bank, to wind down its operations....
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