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

https://www.coindesk.com/markets/2018/07/11/litecoin-foundation-acquires-99-of-bank-in-payments-partnership/