Sam Bankman-Fried denies moving funds from Alameda wallets

Must read

Cosmos co-founder says GovGen will show how governance can be used in blockchain development

Cosmos co-founder says GovGen will show how governance can be used in blockchain development Monika Ghosh · 4 hours ago ·...

Bitcoin network congestion eases as mempool clears in February

Bitcoin network congestion eases as mempool clears in February Andjela Radmilac · 7 hours ago · 2 min read ...

What is the role of spot Bitcoin ETFs in modern investment portfolios?

Aligned within a year of its three halving events, Bitcoin had three major bull runs in its 15-year history. After each one, in 2013,...

Why a trustless, multichain approach to web3 demands direct integration

Why a trustless, multichain approach to web3 demands direct integration Lomesh Dutta · 16 hours ago · 3 min read...

The former FTX CEO denied moving the funds saying; “I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.”

10070 Total views

62 Total shares

Sam Bankman-Fried denies moving funds from Alameda wallets

Ho-ho-ho! Get Limited Holiday Trait!

Collect this article as an NFT

Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied moving funds tied to Alameda wallets, days after he was released on a $250 million bond.

On Dec. 30, Fried tweeted to his 1.1 million followers, denying any involvement in the movement of funds from Alameda wallets.  In response to the allegations that he may 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.”

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.https://t.co/5Gkin30Ny5

— SBF (@SBF_FTX) December 30, 2022

SBF’s tweet was in response to a news story published by Cointelegraph, which reported that a wallet address that started with 0x64e9 had received over 600 ETH from wallets that belonged to Alameda. According to on-chain transactional records, part of the funds were swapped to USDT while the other part of the transaction was sent to a mixing service.

The movement of funds and the manner in which it was moved raised suspicions within the crypto community that it may have been an inside job. Some suspected that SBF may have been behind it. The Alameda wallet was found to be swapping bits of ERC-20s for Ether and USDT, which were then funneled through instant exchanges and mixers.

— ∴Ergo∴ (@ErgoBTC) December 28, 2022

Related: FTX founder reportedly cashes out $684K after being released on bail

According to an on-chain investigation conducted by DeFi educator BowTiedIguana, SBF has reportedly cashed out $684,000 in crypto via. an exchange in Seychelles, while being under house arrest. 

On Dec. 29, BowTiedIguana reported on a series of wallet transactions that were allegedly linked to SBF. The transaction records seemed to suggest that the former FTX CEO may have violated release conditions to not spend more than $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

More articles

Latest article

Cosmos co-founder says GovGen will show how governance can be used in blockchain development

Cosmos co-founder says GovGen will show how governance can be used in blockchain development Monika Ghosh · 4 hours ago ·...

Bitcoin network congestion eases as mempool clears in February

Bitcoin network congestion eases as mempool clears in February Andjela Radmilac · 7 hours ago · 2 min read ...

What is the role of spot Bitcoin ETFs in modern investment portfolios?

Aligned within a year of its three halving events, Bitcoin had three major bull runs in its 15-year history. After each one, in 2013,...

Why a trustless, multichain approach to web3 demands direct integration

Why a trustless, multichain approach to web3 demands direct integration Lomesh Dutta · 16 hours ago · 3 min read...

US agencies pause Biden-sanctioned emergency miner survey following lawsuit

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connect via Access ProtocolAccess Protocol is a...