Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
The Federal Reserve has imposed enforcement action against Farmington State Bank, in connection with its relationship with the FTX group. The bank had received an $11.5 million investment from hedge fund Alameda Research, co-founded by SBF, for a non-controlling stake. It is unclear what specific actions the Fed has taken, but the move is aimed at improving the bank’s compliance standards and risk management. The FTX Group has recently been in the news for its growing influence in the cryptocurrency market.
