According to analysts on Dec 29, 2022 Infamous FTX co-founder Sam Bankman-Fried (SBF) may have cashed in $684,000 in crypto assets while under house arrest. If the funds were used by SBF, they violated the court’s terms of release that former FTX executives were not allowed to spend more than $1,000 without court authorization.
Analysts at FTX found funds tied to SBF and Alameda wallets that co-founder moved while under house arrest
“After SBF was released, his wallet sent all remaining crypto tokens to a new Ethereum address he created an hour ago. I did,” Bowtiediguana tweeted. “In three hours, over 100 new deposits were made to this wallet from various addresses, most of which had links to SBF’s defunct hedge fund Alameda Research,” the analyst continued. Within
[4] hours, approximately $684,000 worth of 570 [Ethereum] was transferred from this new wallet to various destinations. The funds were sent to the Bitcoin network via a Seychelles-based non-KYC exchange and the [Ren Protocol], a bridge funded by Alameda. Perhaps an SEC attorney would like to be notified of this?
The address in question is this Ethereum address, which is the “11 We received another $1 million from our wallet,” Bowtiediguana said. “[5] A separate transaction of 51 ETH was used to move the funds to a newly created wallet, which [then] moved to an exchange based in the Seychelles.[3] ] A tranche of 200K USDT was also sent from the SBF-linked wallet to the Fixedfloat exchange,” the analyst added.
Bowtiediguana’s thread shows that individual decided to email information about the latest on-chain movements to the US Securities and Exchange Commission (SEC). Others tagged the US regulator in a Twitter thread, saying: Please deal with this criminal. “There is no confirmation at this time as to who actually moved the funds, but many speculate that it was he who was SBF.
Since SBF’s arrest and subsequent release, FTX and Alameda-related funds have been in motion and transfers have been caught by on-chain investigators. Alameda-linked funds he transferred two days ago, and they reportedly sent him to Fixedfloat and Changenow, which were further converted to BTC. In another example, Alameda’s labeled wallet sent 11.37 wrapped bitcoins (WBTC) to his wallet after he deleted it from Aave on December 29. Did.
On the same day, another Alameda-labeled wallet he sent 22,500 USDC on December 29th. Both of these transactions took place a day after the majority of his Alameda-linked ERC20 tokens were moved on Wednesday, December 28th.
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