Doubts raised over FTX investment in Farmington Bank
The exchange’s credibility has been further damaged by the collapse of FTX and its suspected connection to the minor bank. How well connected is the FTX in the Bahamas to the global monetary system? We can’t help but wonder what else the authorities overlook. How will Farmington be pulled into a multibillion-dollar bankruptcy in the quest for FTX’s missing assets? In March, FTX’s sister company, Alameda Research, invested $11.6 million in Farmington State Bank’s parent company, FBH, solidifyi...
Doubts raised over FTX investment in Farmington Bank
The exchange’s credibility has been further damaged by the collapse of FTX and its suspected connection to the minor bank. How well connected is the FTX in the Bahamas to the global monetary system? We can’t help but wonder what else the authorities overlook. How will Farmington be pulled into a multibillion-dollar bankruptcy in the quest for FTX’s missing assets? In March, FTX’s sister company, Alameda Research, invested $11.6 million in Farmington State Bank’s parent company, FBH, solidifyi...
