Former FTX CEO Sam Bankman-Fried is back on Twitter, denying allegations that he siphoned off funds from wallets linked to now-bankrupt trading firm Alameda Research.
In response to the story that a wallet linked to Almeida transferred funds just days after Bankman-Fried was released on bail, the SBF said it could not transfer any of those funds because it no longer had access to them. . she added:
“I believe it is likely that various legal legs of FTX have the ability to access these funds; hopefully that is what is happening here. If not, hopefully there will be a move to do so soon. I Will be happy to help advise regulators on this. If anyone wants.”
On December 28, some Twitter users and online sleuths were quick to see a transfer of funds from Almeida Wallet, which was swapping varying amounts of ERC-20 tokens for ETH and USDT, which were immediately detected by exchangers and wallets. Was funneled through the mixer.
Prominent on-chain analyst ZachXBT said that Alameda Wallet was eventually swapping funds for bitcoin using decentralized exchanges such as FixedFloat and ChangeNow.
Some users have speculated that SBF or other FTX insiders may be responsible. As of now, the SBF is kept under house arrest at the Bankman-Fried family home in Palo Alto. he was released from jail last week posting a $250m bond in a New York court.
It is worth noting that just yesterday some online investigators reported a series of unexplained wallet transactions allegedly linked to SBF. On-chain investigation by DeFi teacher BowTiedIguana reveals that he may have cashed out approximately $684,000 at a crypto exchange in Seychelles while under house arrest.
Bow Tied Iguana noted that a wallet associated with SBF has moved all of its remaining crypto tokens to a new Ethereum address. The new wallet received over 100 new deposits in three hours from various addresses, most of which were linked to Alameda Research. He added:
“In less than 4 hours, 570 ETH worth approximately $684,000 was transferred from this new wallet to various destinations. Funds were sent to a No KYC exchange based in Seychelles and to the Bitcoin network via Rain Protocol, Which was funded by a bridge. Alameda.”
as reported, sbf is expected to plead not guilty to fraud and other charges against him at his upcoming arraignment on Tuesday, Jan. 3. He was indicted by the Southern District of New York on eight criminal charges, including wire fraud and conspiracy by misappropriation of customer funds.
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