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Tag: Moonstone
FTX-Associated Crypto Bank Moonstone Announces Exit from Crypto Space
Moonstone Bank said that after exiting from the crypto space, it will go back to its original format of being a community bank with major rebranding. The contagion of the collapse of the crypto exchan...
FTX-linked Moonstone bank to exit the crypto space
Moonstone Bank, a rural Washington state bank that received an estimated $11.5 million investment from FTX’s sister company, Alameda Research, says that it will be exiting the crypto space and returni...
Moonstone Bank to Exit Crypto Space
Moonstone Bank, a rural bank in the state of Washington that was given an estimated $11.5 million investment by Alameda Research, the sister firm of FTX, has announced that it will withdraw from the c...
Moonstone Bank announces exit from crypto space
One of the financial institutions that did business with Sam Bankman-Fried’s empire, Moonstone Bank, is rebranding itself, getting out of crypto and refocusing on its original customer base. Moonstone...
Moonstone Bank to Refocus on Community Bank Role, Exit Crypto Space
FARMINGTON, Wash.–(BUSINESS WIRE)–Farmington State Bank, d/b/a Moonstone Bank, announced today that the bank is returning to its original mission as a community bank and is discontinuing its pursuit o...
Chief legal officer departs FTX-linked Moonstone Bank
Moonstone Bank chief legal officer Joseph Vincent, a former top banking regulator, has left the financial firm, after being with the bank for just eight months. Vincent joined Moonstone, one of the sm...
Moonstone Bank Issues Statement Regarding Recent Motion by the Joint Provisional Liquidators of FTX Markets
FARMINGTON, Wash.–(BUSINESS WIRE)–Farmington State Bank, d/b/a Moonstone Bank, has a legal duty to protect from public disclosure the privacy of account holders, regardless of who they are. However, i...
The Fed responds to the Moonstone Bank mystery
One of the lingering questions for the cryptocurrency industry is how the incredibly small and foreign-owned Farmington State Bank, now Moonstone Bank, was able to acquire regulatory guidance under th...
Moonstone Bank further explains Gemini and Revolut ties
It’s been an eventful week for rural Washington state bank Moonstone, previously known as Farmington State Bank. It may have found little to be thankful for over the holiday season. To summarize: Moon...
Moonstone Bank explains ties with Alameda Research and FTX – crypto.news
After questions arose recently concerning FTX’s $11.5 million interest in a small American bank Moonstone, the latter explained the ties. A spokesperson from the bank indicates that the demise of FTX ...
Moonstone Bank explains ties with Alameda Research
Recent bankruptcy documents have revealed the relationship between Sam Bankman-Fried’s bankrupt Alameda Research and a rural bank in Washington called Farmington State Bank, now known as Moonstone. As...
The curious case of FTX and Farmington State Bank, aka Moonstone
In bankruptcy filings, crypto exchange FTX revealed a curious connection to stablecoin Tether through a small bank in rural Washington. Farmington State Bank is in fact the 26th smallest bank in the U...