Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied moving funds tied to the Alameda wallet, days after being released on $250 million bail.
On December 30, Fried tweeted to his 1.1 million followers, denying involvement in the movement of funds from Alameda’s wallet. In response to accusations that he may have been responsible for transferring funds from Alameda’s wallet, he indicated: “It is not me. I did not and could not transfer any of these funds; I no longer have access to them.
There is no me. I do not and cannot transfer any of these funds; I no longer have access.https://t.co/5Gkin30Ny5
— SBF (@SBF_FTX) December 30, 2022
SBF’s tweet was in response to a news story published by Cointelegraph, which stated that a wallet address starting with 0x64e9 had received more than 600 ETH from a wallet belonging to Alameda. According to the on-chain transactional records, part of the funds are changed to USDT while the other part of the transaction is sent to the mixing service.
The movement of the funds and the way they were moved raised suspicions in the crypto community that it might be an inside job. Some suspected that SBF was also behind it. The Alameda wallet is found to be an ERC-20 bit exchange for Ether and USDT, which is then channeled through exchanges and instant mixers.
The Alameda ETH address is mined on the couch to exchange and exchange ERC20 bits for ETH/USDT.
ETH and USDT are then channeled through the instant exchanger.
Ringing some major alarm bells…https://t.co/GRVtChDL9rhttps://t.co/LJBi7cuFZLhttps://t.co/nxcXWgm5VO pic.twitter.com/AqcgxVRoMr
— ∴Ergo∴ (@ErgoBTC) December 28, 2022
Related: FTX founder reportedly cashed in $684K after being released on bail
According to an on-chain investigation conducted by DeFi educator BowTiedIguana, SBF has reportedly spent $684,000 in crypto through. exchange in Seychelles, while under house arrest.
On December 29, BowTiedIguana reported on a series of wallet transactions allegedly linked to SBF. The transaction records show that the former FTX CEO may have violated the conditions of his release not to spend more than $1,000 without permission from the court.
Did crypto founder Sam Bankman-Fried just withdraw $684k to a crypto exchange in the Seychelles while under house arrest?
The condition of his release is not to spend more than $1,000 without permission from the court.
Let us examine the evidence in the chain
— BowTiedIguana (@BowTiedIguana) December 30, 2022