Hi HODLers, Every day we learn something new about SBF, FTX and Alameda Research. Today, we learned that they acquired a very small US Bank: Farmington State Bank (26th US Bank), a branch with only 3 employees.  [Image Source](https://www.cssict.com/wp-content/uploads/2018/06/FarmingtonFront.jpg) **Alameda invested $11.5 million in its parent company FBH in March 2022. This amount is more double the bankβs value of $5.7 million, reported by The New York Times.** As this could be a normal business practice for a crypto exchange to buy a banking license, this could also be a very easy way to then put some funds into the "normal" banking system... Finally, a lot have speculated that it is actually quite hard to get this type of agreement or be allowed to buy banks. Considering the amount of political connections that SBF had, some politicians might have helped out. As one user said: >βWith the amount of political connections SBF had, I would not be surprised either if he just got that license for no reason.β #### Should we worry about Tether? FBH is also connected to another crypto entity: Tether. As most of you know, Tether is the the largest issuer of a stablecoin in the crypto market. Hopefully, nothing shady is to be reported on this relationship. Fasten your seatbelt, this is far from being over! [Source](https://cointelegraph.com/news/ftx-stake-in-us-bank-raises-concerns-about-banking-loopholes) Stay safe, #### Latest articles * [Argentina's fan token tumbles following their shameful loss!](https://leofinance.io/@vlemon/argentina-s-fan-token-tumbles-following-their-shameful-loss) * [Grayscale says its crypto are SAFU but shows no Proof of Reserve](https://leofinance.io/@vlemon/grayscale-says-its-crypto-are-safu-but-shows-no-proof-of-reserve) * [Crypto.com is not even the main exchange for $CRO... GET OUT!](https://leofinance.io/@vlemon/crypto-com-is-not-even-the-main-exchange-for-usdcro-get-out) * [FTX Top management looking to fly to Dubai!](https://leofinance.io/@vlemon/ftx-top-management-looking-to-fly-to-dubai) Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@vlemon/ftx-had-secretly-bought-a-us-bank)
| author | vlemon |
|---|---|
| permlink | ftx-had-secretly-bought-a-us-bank |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["ftx","usa","cryptocurrency","leoalpha","cent","ctp","proofofbrain","crypto","leofinance"],"canonical_url":"https://leofinance.io/@vlemon/ftx-had-secretly-bought-a-us-bank","links":["https://www.cssict.com/wp-content/uploads/2018/06/FarmingtonFront.jpg","https://cointelegraph.com/news/ftx-stake-in-us-bank-raises-concerns-about-banking-loopholes","https://leofinance.io/@vlemon/argentina-s-fan-token-tumbles-following-their-shameful-loss","https://leofinance.io/@vlemon/grayscale-says-its-crypto-are-safu-but-shows-no-proof-of-reserve","https://leofinance.io/@vlemon/crypto-com-is-not-even-the-main-exchange-for-usdcro-get-out","https://leofinance.io/@vlemon/ftx-top-management-looking-to-fly-to-dubai"],"image":["https://images.hive.blog/DQmWi7ApGsmc8x8hRBmkKgfHgjj6KzrqD5X6LBNmXCZexqZ/image.png"]} |
| created | 2022-11-25 19:13:54 |
| last_update | 2022-11-25 19:13:54 |
| depth | 0 |
| children | 5 |
| last_payout | 2022-12-02 19:13:54 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 2.752 HBD |
| curator_payout_value | 2.723 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 2,275 |
| author_reputation | 819,560,550,767,667 |
| root_title | "FTX had secretly bought a US Bank!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 118,612,007 |
| net_rshares | 11,333,556,780,152 |
| author_curate_reward | "" |
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| cryptogee | 0 | 7,346,068,904 | 100% | ||
| walterjay | 0 | 104,394,074,564 | 12.5% | ||
| teammo | 0 | 126,354,051,119 | 100% | ||
| c0ff33a | 0 | 307,346,493,858 | 10% | ||
| l337m45732 | 0 | 10,460,040,320 | 20% | ||
| mes | 0 | 273,218,810,157 | 50% | ||
| stackin | 0 | 3,690,189,118 | 50% | ||
| arunava | 0 | 793,334,951,382 | 50% | ||
| joeyarnoldvn | 0 | 490,691,309 | 1.47% | ||
| toofasteddie | 0 | 127,451,649,973 | 33% | ||
| felt.buzz | 0 | 124,240,030,195 | 12.5% | ||
| zonguin | 0 | 3,239,988,161 | 12.5% | ||
| helgapn | 0 | 8,600,057,186 | 100% | ||
| investingpennies | 0 | 248,156,869,884 | 100% | ||
| francosteemvotes | 0 | 2,851,537,427 | 25% | ||
| jeanlucsr | 0 | 2,883,348,926 | 5% | ||
| thelordsharvest | 0 | 87,974,917,185 | 100% | ||
| saltiberra | 0 | 664,361,157 | 5% | ||
| evildido | 0 | 1,453,385,738 | 12.5% | ||
| vlemon | 0 | 297,942,287,368 | 75% | ||
| aidefr | 0 | 4,216,021,557 | 20% | ||
| fatkat | 0 | 55,345,180,954 | 100% | ||
| pataty69 | 0 | 4,158,425,528 | 10% | ||
| sahil07 | 0 | 2,692,286,132 | 100% | ||
| joetunex | 0 | 121,769,836,175 | 30% | ||
| karinxxl | 0 | 43,181,763,663 | 50% | ||
| dbddv01 | 0 | 1,722,112,445 | 12.5% | ||
| dashroom | 0 | 1,808,793,520 | 80% | ||
| not-a-bird | 0 | 5,106,806,331 | 20% | ||
| chekohler | 0 | 4,758,904,599 | 10% | ||
| robotics101 | 0 | 7,384,922,670 | 25% | ||
| lpv | 0 | 1,714,892,715 | 5% | ||
| mikitaly | 0 | 995,003,426 | 80% | ||
| statorcrime | 0 | 829,488,621 | 12.5% | ||
| duke77 | 0 | 2,589,149,598 | 8.75% | ||
| blue.panda | 0 | 589,581,762 | 10% | ||
| not-a-gamer | 0 | 510,552,260 | 40% | ||
| steemvault | 0 | 38,009,298,270 | 100% | ||
| steem4all | 0 | 22,928,080,614 | 50% | ||
| communitybank | 0 | 122,292,918,153 | 100% | ||
| utube | 0 | 83,150,661,076 | 100% | ||
| jigstrike | 0 | 10,697,995,793 | 50% | ||
| piotrgrafik | 0 | 378,592,919,222 | 40% | ||
| culgin | 0 | 551,793,061 | 30% | ||
| sportscontest | 0 | 98,770,151,037 | 100% | ||
| videosteemit | 0 | 39,361,875,832 | 100% | ||
| gribouille | 0 | 917,534,788 | 20% | ||
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| fantasycrypto | 0 | 82,960,975,414 | 100% | ||
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| oredebby | 0 | 1,105,613,758 | 50% | ||
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| photohunter2 | 0 | 2,334,954,450 | 100% | ||
| photohunter3 | 0 | 1,597,160,062 | 100% | ||
| photohunter4 | 0 | 1,520,036,485 | 100% | ||
| photohunter5 | 0 | 1,583,439,935 | 100% | ||
| aotearoa | 0 | 8,676,420,733 | 50% | ||
| russellstockley | 0 | 28,519,543,300 | 30% | ||
| dwayne16 | 0 | 15,868,155,183 | 35% | ||
| homeginkit | 0 | 1,581,543,557 | 50% | ||
| superlotto | 0 | 272,873,491,991 | 100% | ||
| p-props | 0 | 16,254,060,691 | 100% | ||
| uyobong | 0 | 53,978,928,575 | 50% | ||
| d-zero | 0 | 9,273,046,472 | 10% | ||
| paragism | 0 | 871,505,416 | 50% | ||
| flaxz | 0 | 3,518,885,824 | 7.5% | ||
| blainjones | 0 | 3,323,604,124 | 3.75% | ||
| imcore | 0 | 873,643,431 | 10% | ||
| rollandthomas | 0 | 771,868,779 | 2% | ||
| break-out-trader | 0 | 41,654,613,454 | 100% | ||
| sbi4 | 0 | 58,153,519,304 | 3.04% | ||
| eii | 0 | 33,278,604,396 | 30% | ||
| hardaeborla | 0 | 2,785,812,726 | 25% | ||
| citizendog | 0 | 89,368,369,485 | 100% | ||
| agathusia | 0 | 725,171,403 | 100% | ||
| revueh | 0 | 1,034,638,684 | 25% | ||
| dalz | 0 | 431,443,836,797 | 50% | ||
| jk6276 | 0 | 2,697,485,116 | 100% | ||
| cryptoyzzy | 0 | 355,568,152,542 | 100% | ||
| minimining | 0 | 1,533,499,922 | 50% | ||
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| munhenhos | 0 | 1,286,771,272 | 10% | ||
| pboulet | 0 | 36,118,961,059 | 20% | ||
| piensocrates | 0 | 2,134,052,941 | 25% | ||
| michealb | 0 | 254,103,818,907 | 100% | ||
| cakemonster | 0 | 88,992,175,984 | 100% | ||
| steemstorage | 0 | 121,099,425,234 | 100% | ||
| fire451 | 0 | 2,036,242,173 | 100% | ||
| starfighter | 0 | 8,215,852,969 | 100% | ||
| seekingalpha | 0 | 783,891,763 | 100% | ||
| whiterosecoffee | 0 | 6,303,912,269 | 5% | ||
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| director.rar | 0 | 0 | 100% | ||
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| dknkyz | 0 | 10,319,459,724 | 35% | ||
| maxsieg | 0 | 13,545,232,975 | 100% | ||
| krunkypuram | 0 | 2,777,802,405 | 75% | ||
| oxoskva | 0 | 2,899,736,110 | 100% | ||
| thisisawesome | 0 | 105,977,753,912 | 15% | ||
| edipascal | 0 | 559,668,375 | 39.5% | ||
| kgswallet | 0 | 1,331,661,622 | 25% | ||
| abh12345.leo | 0 | 2,524,200,995 | 75% | ||
| empoderat | 0 | 5,022,725,183 | 25% | ||
| tokensink | 0 | 54,704,276,547 | 100% | ||
| the.lazy.panda | 0 | 807,558,656 | 10% | ||
| ph1102.ctp | 0 | 3,280,448,749 | 35% | ||
| beta500 | 0 | 108,076,330,176 | 100% | ||
| revise.leo | 0 | 3,390,582,370 | 100% | ||
| knightsunited | 0 | 18,521,548,879 | 100% | ||
| elianaicgomes | 0 | 9,446,312,490 | 12.5% | ||
| lcrestrepo | 0 | 2,799,754,538 | 50% | ||
| enison1 | 0 | 800,292,822 | 100% | ||
| bilpcoin.pay | 0 | 532,020,733 | 10% | ||
| dexy50 | 0 | 2,007,489,236 | 100% | ||
| gloriaolar | 0 | 2,139,216,859 | 15% | ||
| achim03.ctp | 0 | 1,121,143,725 | 60% | ||
| monica-ene | 0 | 70,469,805,348 | 50% | ||
| hivequebec | 0 | 1,690,799,527 | 25% | ||
| laruche | 0 | 1,174,574,495,272 | 25% | ||
| jskitty | 0 | 195,025,969,778 | 100% | ||
| f0x-society | 0 | 1,321,263,998 | 50% | ||
| hodlcommunity | 0 | 1,654,405,052,004 | 100% | ||
| authentika | 0 | 2,768,581,470 | 25% | ||
| defi.campus | 0 | 12,942,020,732 | 50% | ||
| zemiatin1 | 0 | 698,580,176 | 65% | ||
| miloshpro | 0 | 1,737,096,960 | 100% | ||
| lacrucita | 0 | 5,526,541,749 | 100% | ||
| deadswitch | 0 | 3,863,473,077 | 100% | ||
| aslehansen | 0 | 13,419,374,982 | 50% | ||
| cryptosimplify | 0 | 2,771,860,547 | 50% | ||
| myupvote2u | 0 | 2,189,876,310 | 50% | ||
| ctpsb | 0 | 645,367,435,736 | 50% | ||
| borniet | 0 | 2,067,645,910 | 15% | ||
| alokkumar121.ctp | 0 | 1,331,282,617 | 60% | ||
| dknkyz.leo | 0 | 596,218,214 | 40% | ||
| drax.leo | 0 | 9,249,151,960 | 30% | ||
| netaterra.leo | 0 | 973,960,441 | 30% | ||
| resiliencia.pal | 0 | 2,026,795,867 | 100% | ||
| belemo.leo | 0 | 2,634,579,171 | 100% | ||
| cbridges573 | 0 | 1,071,748,097 | 3.75% | ||
| retaliatorr | 0 | 2,680,561,921 | 100% | ||
| luckyali.ctp | 0 | 1,398,115,866 | 50% | ||
| finguru | 0 | 88,985,095,848 | 100% | ||
| meesterleo | 0 | 1,362,934,663 | 75% | ||
| abh12345.ctp | 0 | 523,709,936 | 50% | ||
| borsengelaber | 0 | 72,792,895,985 | 50% | ||
| jocieprosza.leo | 0 | 3,973,604,900 | 100% | ||
| nopasaran72 | 0 | 1,540,498,030 | 25% | ||
| pishio | 0 | 559,634,458,005 | 10% | ||
| eddie-3speak | 0 | 1,595,521,663 | 17.5% | ||
| trasto | 0 | 2,774,524,958 | 25% | ||
| tengolotodo | 0 | 10,796,489,701 | 15% | ||
| ctp.sub | 0 | 103,754,805,125 | 25% | ||
| hazmat | 0 | 3,533,481,165 | 100% | ||
| johnripper | 0 | 2,226,605,725 | 25% | ||
| ga38jem | 0 | 55,722,339,953 | 100% | ||
| attentionneeded | 0 | 1,661,505,756 | 20% | ||
| listnerds | 0 | 91,846,343,749 | 20% | ||
| mypathtofire | 0 | 40,629,446,667 | 3% | ||
| agog | 0 | 158,942,078,965 | 100% | ||
| gamefi-turkiye | 0 | 4,730,882,074 | 100% | ||
| lordneroo.pob | 0 | 465,839,601 | 100% | ||
| lordneroo.vyb | 0 | 465,807,952 | 100% | ||
| sthor | 0 | 1,074,566,644 | 100% |
OMG what a movie πΏπ€¦πΌββοΈ
| author | borsengelaber |
|---|---|
| permlink | re-vlemon-20221125t203710461z |
| category | hive-167922 |
| json_metadata | {"tags":["hive-167922","ftx","usa","cryptocurrency","leoalpha","cent","ctp","proofofbrain","crypto","leofinance"],"app":"ecency/3.0.35-mobile","format":"markdown+html"} |
| created | 2022-11-25 19:37:09 |
| last_update | 2022-11-25 19:37:09 |
| depth | 1 |
| children | 2 |
| last_payout | 2022-12-02 19:37:09 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 23 |
| author_reputation | 140,163,020,247,549 |
| root_title | "FTX had secretly bought a US Bank!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 118,612,359 |
| net_rshares | 16,013,083,733 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| vlemon | 0 | 16,013,083,733 | 4% |
Unfortunately it seems like it is NEVER ending! Now it appears that the biggest minter of wBTC was⦠Alameda!
| author | vlemon |
|---|---|
| permlink | re-borsengelaber-20221126t101759356z |
| category | hive-167922 |
| json_metadata | {"tags":["hive-167922","ftx","usa","cryptocurrency","leoalpha","cent","ctp","proofofbrain","crypto","leofinance"],"app":"ecency/3.0.35-mobile","format":"markdown+html"} |
| created | 2022-11-26 18:18:00 |
| last_update | 2022-11-26 18:18:00 |
| depth | 2 |
| children | 1 |
| last_payout | 2022-12-03 18:18:00 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.014 HBD |
| curator_payout_value | 0.015 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 109 |
| author_reputation | 819,560,550,767,667 |
| root_title | "FTX had secretly bought a US Bank!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 118,635,428 |
| net_rshares | 63,830,818,444 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| borsengelaber | 0 | 63,830,818,444 | 49% |
π€¦πΌββοΈ
| author | borsengelaber |
|---|---|
| permlink | re-vlemon-20221126t191845212z |
| category | hive-167922 |
| json_metadata | {"tags":["hive-167922","ftx","usa","cryptocurrency","leoalpha","cent","ctp","proofofbrain","crypto","leofinance"],"app":"ecency/3.0.35-mobile","format":"markdown+html"} |
| created | 2022-11-26 18:18:45 |
| last_update | 2022-11-26 18:18:45 |
| depth | 3 |
| children | 0 |
| last_payout | 2022-12-03 18:18:45 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 5 |
| author_reputation | 140,163,020,247,549 |
| root_title | "FTX had secretly bought a US Bank!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 118,635,453 |
| net_rshares | 0 |
It is fascinating what goes on with these people. They are all at it, he just fucked up enough to get caught. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tengolotodo/re-vlemon-2dvxmz)
| author | tengolotodo |
|---|---|
| permlink | re-vlemon-2dvxmz |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@tengolotodo/re-vlemon-2dvxmz"} |
| created | 2022-11-26 00:02:09 |
| last_update | 2022-11-26 00:02:09 |
| depth | 1 |
| children | 1 |
| last_payout | 2022-12-03 00:02:09 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 205 |
| author_reputation | 389,249,981,430,783 |
| root_title | "FTX had secretly bought a US Bank!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 118,617,637 |
| net_rshares | 16,001,561,434 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| vlemon | 0 | 16,001,561,434 | 4% |
Yup, it seems he just went too far but many other industry players are doing the same things!!!
| author | vlemon |
|---|---|
| permlink | re-tengolotodo-20221126t101834810z |
| category | hive-167922 |
| json_metadata | {"tags":["leofinance"],"app":"ecency/3.0.35-mobile","format":"markdown+html"} |
| created | 2022-11-26 18:18:36 |
| last_update | 2022-11-26 18:18:36 |
| depth | 2 |
| children | 0 |
| last_payout | 2022-12-03 18:18:36 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 95 |
| author_reputation | 819,560,550,767,667 |
| root_title | "FTX had secretly bought a US Bank!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 118,635,447 |
| net_rshares | 0 |
hiveblocks