30 Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions (www.nytimes.com) posted 2 years ago by Podger 2 years ago by Podger +30 / -0 Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions 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. 3 comments share 3 comments share save hide report block hide replies
The details of how it's all setup to dovetail into each other are provided here.
https://en.wikipedia.org/wiki/The_Human_Centipede_(First_Sequence)