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Federal Reserve issues enforcement action against FTX-linked US bank

Moonstone Bank, which renamed itself Farmington State Bank, received roughly $11.5 million from FTX’s sister firm, Alameda Research, through its holding company in 2022.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Federal Reserve issues enforcement action against FTX-linked US bank

Moonstone Bank, which renamed itself Farmington State Bank, received roughly $11.5 million from FTX’s sister firm, Alameda Research, through its holding company in 2022.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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