1 year ago
57 The former FTX CEO denied moving any funds stating:
“I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.”
Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, denied moving any funds linked to Alameda wallets, days after he was released on a $250 million bond.
On December 30, Bankman-Fried tweeted to his 1.1 million followers, denying any involvement in the movement of funds from Alameda wallets. While responding to allegations that he might have been responsible for moving funds out of Alameda wallets, he shared:
“None of these are me. I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.”
Bankman-Fried’s tweet was responding to a published story that reported that a wallet address that began with 0x64e9 had gotten more than 600 ETH from wallets that belonged to Alameda. Based on on-chain transactional records, some of the funds were swapped to USDT while the others were sent to a mixing service.
Alameda ETH addresses are digging around in the sofa for spare change and swapping bits ERC20s for ETH/USDT.
ETH and USDT then funneled through instant exchangers.
Rings some major alarm bells…https://t.co/GRVtChDL9rhttps://t.co/LJBi7cuFZLhttps://t.co/nxcXWgm5VO pic.twitter.com/AqcgxVRoMr
— 
∴Ergo∴ (@ErgoBTC) December 28, 2022
The movement of funds and the manner in which it was moved raised some suspicions within the crypto community that it might have been a well-executed inside job. Some of them suspected that Sam Bankman-Fried might have been behind it. The Alameda wallet was found to be swapping bits of ERC-20s for USDT and Ether, which were then funneled via instant exchanges and mixers.
Based on an on-chain investigation done by decentralized finance (DeFi) educator BowTiedIguana, SBF has allegedly cashed out $684,000 in cryptocurrency through an exchange in Seychelles, while being under house arrest.
On December 29, BowTiedIguana reported on several wallet transactions that were claimed to be linked to Sam Bankman-Fried. The transaction records appeared to suggest that the former FTX CEO might have violated release conditions to not spend over $1,000 without permission from the court.
Did disgraced crypto founder Sam Bankman-Fried just cash out $684k to a crypto exchange in the Seychelles while under house arrest?
His release conditions are that he not spend more than $1,000 without permission from the court.
Let's examine the evidence on chain 
— BowTiedIguana (@BowTiedIguana) December 30, 2022
