For a decade, Farmington's bank held around $10 million in deposits. In the third quarter this year, deposits jumped to $84 million – 85% of which came from just four accounts, according to FDIC data cited by the Times.
Online, the bank now appears as "Moonstone Bank," a name which was trademarked a few days before FTX's investment. Moonstone doesn't mention cryptocurrency, but does say it wants to "support the evolution of next generation finance."
https://www.moonstonebank.com/partnership-banking
Leverage our direct connection to the Federal Reserve and select payment rails to move money to and from your FDIC-insured bank accounts.
Also check out what is under the hood: I cam across this stuff before, if I a not mistaken, originating from Singapore.
Perfect for money laundering.