FTX owned an $11.5 million stake in a tiny rural bank in Washington state with just 3 employees, bankruptcy hearing shows

has come under after it emerged that the collapsed crypto giant owned an $11.5 million stake in one of America's smallest banks – more than double the bank's previous net worth – Farmington State Bank, which is based in the small town of Farmington in the rural farming region of Whitman County, Washington, was described as no-frills by local newspaper in 2010. Its then-president, John Widman, told the newspaper that it had stopped... + full article