FTX-linked Moonstone Bank To Exit The Crypto Space

Moonstone Bank, a rural Washington state bank that bought an estimated $11.5 million funding from FTX’s sister company, Alameda Research, says that this would be exiting the crypto space and returning to its “authentic mission” as a neighborhood bank.

In a Jan. 18 assertion, the bank said that the alternate in device comes as a outcomes of “most contemporary events in the crypto property industry and the altering regulatory setting surrounding crypto asset businesses.”