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Online bank SoFi struggles amid FTX-inspired crypto probe

The bank is also facing a drastic drop in revenue after the White House once again froze student loan payments.

The curious case of FTX and Farmington State Bank, aka Moonstone

Situated in the middle of nowhere, small-time Farmington State Bank was taken over by Sam Bankman-Fried in March. Here’s what we know.

According to filings, FTX owes at least $100 million to each of its 10 biggest creditors with the top 50 owed upwards of $20 million.

A ‘verified’ Twitter account impersonating Sam Bankman-Fried is attempting to steal more crypto from customers of bankrupt FTX.

With the fallout from FTX’s collapse still being felt, there are signs that, for crypto markets, things may get worse before they get better.