Photos: Here's Why FTX Poured Nearly $12 million Into This Tiny Bank With 3 Employees In Middle-Of-Nowhere Washington State

Following the signing of FTX’s chapter 11 bankruptcy, the failed crypto mogul Sam Bankman-Fried has been going around town to explain his side and attempt restore his reputation. But, documents never lie. In the bankruptcy proceedings, one of the assets revealed to be owned by FTX is the curiousity-inducing small bank in the state of Washington. How small? The Farmington State Bank has a single location and only three staff as of this year. It didn’t even have online banking or a credit card. In March, FTX’s sister hedge fun Alameda Research spent $11.5 million on Farmington State Bank’s parent