Since FTX’s collapse, a tiny bank in rural Washington has come under heavy scrutiny for the role it may have played in the crypto exchange’s fraudulent activities. (Unlimitedhangout) - Conspiracies

Since FTX’s collapse, a tiny bank in rural Washington has come under heavy scrutiny for the role it may have played in the crypto exchange’s fraudulent activities. (Unlimitedhangout) (unlimitedhangout.com) BREAKING

posted 3 years ago by MOCKxTHExCROSS 3 years ago by MOCKxTHExCROSS +9 / -1

FTX and the Curious History of Farmington State Bank

Since FTX’s collapse, a tiny bank in rural Washington has come under heavy scrutiny for the role it may have played in the crypto exchange’s fraudulent activities. Ed Berger and Whitney Webb investigate the history of the bank and unearth some troubling co...

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– MOCKxTHExCROSS [S] 1 point 3 years ago +2 / -1

Notably, Deltec Bank and Trust, where Chalopin is chairman, was described by Protos as “one of the main banks for both Alameda Research [FTX’s trading arm that played a central role in its collasep] and Tether.”

Trehan and Chalopin are listed as executive officers of FBH Corp., according to SEC filings from earlier this year, in February. Listed as directors of FBH are Noah Perlman and Gary Rever (referred to in filings as A. Gary Rever). Perlman at the time of FBH Corp’s incorporation was Chief Compliance Officer of the crypto exchange Gemini. He is now Gemini’s Chief Operating Officer, a position he has held since 2020.

Revolut was created by NJF Capital in 2015 to be a “leading digital alternative bank.” NJF Capital was founded and is run by Nicole Junkermann, a former model and close, intimate associate of sex trafficker and financial criminal Jeffrey Epstein.

This is partially because the controversial stablecoin Tether also banks with another Chalopin-directed bank, Deltec Bank and Trust. A recent investigation by Revolver News detailed the ways that Tether has shown signs of itself being a Ponzi Scheme, not unlike FTX. The investigation also noted that the stablecoin’s co-founder, Brock Pierce, boasts connections to Jeffrey Epstein. Pierce, a former child actor in Disney films, had previously been a co-founder and an executive at Digital Entertainment Network (DEN), where he and other executives were accused of sexual assault.

Lot of odd connections

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