Anyone Wanna Explain to Me Why Weirdo Bankrupt Crypto Behemoth Ftx Poured Nearly $12 Million Into This Tiny Bank With 3 Employees in Middle-Of-Nowhere Washington State?

Around the Web – Original Source: notthebee.com

I will freely admit I understand very little about crypto and I will even more freely admit that this makes even less sense to me: It’s true, you know : 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 US, out of over 4,700. Until this year, it employed three people.

The bank was first formed in 1929 in a sleepy town named Farmington, hugging the Idaho border. It’s home to just over 100 residents, and features […]

Around the Web – Original Source: notthebee.com