FTX sister firm Alameda paid .5M for control of a small WA-based US-licensed bank, raising questions about why federal regulators approved the deal (Stephen Gandel/New York Times)
FTX sister firm Alameda paid .5M for control of a small WA-based US-licensed bank, raising questions about why federal regulators approved the deal (Stephen Gandel/New York Times)




Stephen Gandel / New York Times:

FTX sister firm Alameda paid $11.5M for control of a small WA-based US-licensed bank, raising questions about why federal regulators approved the deal  —  Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.



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