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FTX-Tether Connection: Involvement Of Banks Raises Questions

CoinGape LogoCoinGape2 mo ago

FTX-Tether Connection: Involvement Of Banks Raises Questions - CoinGape

Quick Summary:

Beleaguered crypto exchange FTX’s connection with Tether remains in question as the banks used by both companies are run by the same person.

FTX’s Alameda Research invested $11.5 million in Farmington State Bank’s parent FBH, run by Jean Chalopin.

Surprisingly, Chalopin is also the chairman of Bahamas-based Deltec Bank, the main bank of Tether.


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FTX-Tether Connection: Involvement Of Banks Raises Questions - CoinGape (Picture 1)

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 10:05:33 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1019 (out of 2780 stories this day)

News Source URL: coingape.com

Language: English

Article Length: 383 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 1907057

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 5 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 2 days ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story "FTX-Tether Connection: Involvement Of Banks Raises Questions" was covered 2 months ago by CoinGape, a news publisher based in India.

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  • URL: https://beamstart.com/news/ftx-tether-connection-involvement-of-1669284393905

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