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 Ether (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 ETH and Tether (USDT), which were then funneled through instant exchanges and mixers.
Alameda ETH addresses are digging around in the sofa for spare change and swapping bits ERC20s for ETH/USDT.— ∴Ergo∴ (@ErgoBTC) December 28, 2022
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
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?— BowTiedIguana (@BowTiedIguana) December 30, 2022
His release conditions are that he not spend more than $1,000 without permission from the court.
Let's examine the evidence on chain