Bennett and Cas discuss Farmington State Bank/Moonstone Bank, the Washington State bank that Alameda Research invested in - valuing at an unbelievable $150 million.
Additional resources:
Initial Protos coverage of Moonstone
https://protos.com/the-curious-case-of-ftx-and-farmington-state-bank-aka-moonstone/
Moonstone Bank executives explain relationship with Alameda Research
https://protos.com/exclusive-moonstone-bank-explains-ties-with-alameda-research/
Federal Reserve explains Moonstone Bank decision
https://protos.com/exclusive-the-fed-responds-to-the-moonstone-bank-mystery/
Protos coverage of Federal Reserve cease and desist
https://protos.com/alameda-funded-bank-farmington-state-gets-cease-and-desist-from-fed/
Federal Reserve cease and desist
https://www.federalreserve.gov/newsevents/pressreleases/files/enf20230817a1.pdf
Litecoin acquires stake in bank