Addresses linked to FTX founder SBF’s wallet received hundreds of thousands of dollars worth of altcoins from Alameda Research on Dec.
Here are the altcoins allegedly carried in connection with FTX
On-chain data shows that Sam Bankman-Fried (SBF) has moved $684,000 worth of Ethereum in the past 2 days. These funds flowed to WnBridge and Seychelles-based exchanges. In a Twitter thread, on-chain research detective BowTiedlguana claimed that SBF transferred $684,000 worth of Ethereum (ETH) to a Seychelles-based exchange and RenBridge.
BowTiedlguana argued that these alleged actions by the SBF could violate the terms of bail. Under the terms of SBF’s $250 million bail, it was forbidden to trade +$1,000 without court approval.
On December 28, SBF allegedly emptied its public wallet by sending 0. According to Etherscan data, it sent 6659 ETH, worth approximately $806.51 to a newly created address. According to on-chain data, this newly created address received around 185.1928 ETH from Alameda in a few hours. Alameda Research, the now bankrupt hedge fund, was owned by SBF. As you follow on Kriptokoin.com, on November 11, he announced that he was officially bankrupt together with FTX. Additionally, the new wallet received 384.95 ETH worth about $458,348 from various wallets.
According to data from Etherscan, 519.95 ETH from the new wallet was transferred to an address that also received funds from Alameda wallets. This third wallet then routes transactions through different wallets, BowTiedlguana says. The researcher claimed to have sent money to a central exchange in Seychelles. Some of the funds also flowed into the Bitcoin network through RenBridge, which is funded by Alameda Research.
In addition, BowTiedlguana claims that $200,000 worth of Tether (USDT) has been transferred from the SBF-linked wallet to the FixedFloat exchange. Transactions claims SBF only has $100,000 in its account. But it came weeks after he worried about how he would pay his lawyers. During the week of December 19, the SBF is expected to enter a defense bargain in the US Southern District of New York.
Judge Ronnie Abrams, whose SBF is supposed to hear the criminal case, resigned on December 23, citing a possible conflict of interest. Judge Lewis Kaplan, appointed by Bill Clinton, will later serve in the SBF’s trial on December 27.
SBF faces charges of telegram fraud, money laundering, securities fraud and commodity fraud by the Department of Justice. The U.S. Securities and Exchange Commission (SEC) accused the SBF of “arranging a massive fraud that lasted years” by redirecting billions of dollars in FTX user funds for personal gain.