TechFlow news, according to Bloomberg, the Federal Reserve has taken enforcement action against Farmington State Bank, which is linked to FTX. The bank's holding company, FBH Corp., is also affected by this action.
Farmington previously operated under the name Moonstone Bank and came under scrutiny following the collapse of FTX.
Earlier reports indicated that Alameda Research, the hedge fund co-founded by SBF, invested $11.5 million in the lender for a non-controlling stake.




