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Moonstone Bank, the Washington state bank with ties to FTX, will wind down crypto operations

GeekWire

(Bigstock Image) Moonstone Bank , the digital lender with ties to FTX, announced this week it will wind down plans to offer banking services for industries such as crypto and cannabis. It was acquired in 2020 by FBH Corporation, owned by Jean Chalopin, also the chairman of Bahamas-based Deltec Bank. Its net worth was $5.7

Banking 99
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Senators ask regulators to investigate bank and crypto ties, citing Washington state bank

GeekWire

bank regulators to investigate the ties between the banking industry and cryptocurrency firms including Farmington, Wash.-based based Moonstone Bank. They also note that Jean Chalopin, who is the head of Moonstone’s parent company FBH, is also the chair of Bahamas-based Deltec Bank. Its net worth was $5.7

Banking 95
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Bank downplays ties to FTX sister company in latest fallout from crypto exchange failure

GeekWire

A bank in rural Washington state sought to distance itself from FTX on Tuesday following a report last week detailing its connections to the failed cryptocurrency exchange. 23 that FBH, the parent company of Farmington State Bank, received $11.5 Moonstone Bank’s reputation as well.” Moonstone Bank’s reputation as well.”

Banking 101
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Crypto is the same fraud, different package

Vox

He played around with investing for a bit, joining a small group of investors, but fell off until Covid hit in 2020. “My It’s intended to be trustless, meaning that it runs without relying on the government or banks or any third party. He pointed out that runs can happen to banks, too; some high-profile ones just happened in the US.

Banking 75
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Mark Cuban on America’s future

The Verge

I saw a couple of notes from banks. I saw one note from a bank that was saying a Republican Senate would be great for business. that’s been on since July of 2020 saying, “Cuban, you’re a communist.”. They have to get a license before they put that on CNN, right? I’ve seen the markets today. You’re right. I disagree.

Network 88