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Federal Reserve Ends Enforcement Action Against FTX-Connected Farmington State Bank
7.2.2024
The Federal Reserve terminated its enforcement action against Washington-based Farmington State Bank, previously known as Moonstone Bank and linked to FTX’s Alameda Research. Federal Reserve Terminates Enforcement Action of FTX-Linked Farmington Bank The Federal Reserve Board has officially...
FTX-Linked Bank Receives Federal Enforcement Action for Digital Asset Activities
18.8.2023
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 press release, the Federal Reserve Board, in collaboration with...
US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried
21.1.2023
Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank accounts belonging to Bankman-Fried, holding millions...
Moonstone Bank is Closing the Accounts of its Crypto Clients to ’Refocus on Community Bank Role’
20.1.2023
Moonstone Bank, a digital bank focused on serving high-net-worth individuals, has revealed that it is exiting the crypto space and will be refocusing on the "community bank" role.
In a Thursday press release, the bank said it is halting plans to develop banking services for innovative industries...
FTX-linked Moonstone bank to exit the crypto space
19.1.2023
Following the collapse of FTX, the company has decided to rebrand and exit the crypto space