Overview of Moonstone Bank

Moonstone Bank, formerly known as Farmington Bank, was a small community bank located in Eastern Washington state. It primarily served local farmers in the tiny town of Farmington. The bank was purchased by a Hong Kong citizen in the 1990s and eventually sold to Jean Chalapen, an incredibly wealthy banker and the creator of the cartoon Inspector Gadget. Jean Chalapen also owned Deltech Bank and Trust in the Bahamas, which served as the main bank for Tether, FTX, and Alameda Research. Moonstone Bank was seen as a potential future of online banking, aimed at serving cryptocurrency and cannabis industries. However, after closer examination, it was discovered that Moonstone Bank was involved in criminal behavior and violated regulatory promises.