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Sam Bankman-Fried denies moving funds from Alameda purses

Published on

December 30, 2022
Read Time:2 Minute, 14 Second

Sam Bankman-Fried, the previous CEO of the now-defunct FTX change, has refused to maneuver funds tied to Alameda wallets days after being launched on a $250 million bond.

On December 30, Fried tweeted to his 1.1 million followers and denied any involvement in shifting funds from Alameda purses. In response to allegations that he might have been accountable for withdrawing funds from Alameda wallets, he shared: "Neither of these are I. I can't and couldn't transfer any of those funds; I now not have entry to it.”

I am none of that. I can't and couldn't transfer any of those funds; I now not have entry to them.https://t.co/5Gkin30Ny5

— SBF (@SBF_FTX) December 30, 2022

SBF's tweet was in response to a message revealed by Cointelegraph, which reported {that a} pockets tackle starting with 0x64e9 had obtained over 600 ETH from wallets owned by Alameda. In keeping with transaction data on the chain, a part of the funds had been swapped into USDT whereas the opposite a part of the transaction was despatched to a merging service.

The motion of funds and the style through which they had been moved raised suspicions throughout the crypto neighborhood that it may need been an inside job. Some suspected that SBF may very well be behind it. The Alameda pockets was discovered to be exchanging parts of ERC-20 for Ether and USDT, which had been then routed by way of prompt exchanges and mixers.

Alameda ETH addresses rummage round on the couch for spare change, buying and selling ERC20 bits for ETH/USDT.

ETH and USDT had been then routed by way of prompt exchangers.

Ring some essential alarm bells...https://t.co/GRVtChDL9rhttps://t.co/LJBi7cuFZLhttps://t.co/nxcXWgm5VO pic.twitter.com/AqcgxVRoMr

— ∴Ergo∴ (@ErgoBTC) December 28, 2022

Associated: The FTX founder reportedly pays out $684,000 after being launched on bail

In keeping with an on-chain investigation carried out by DeFi educator BowTiedIguana, SBF has reportedly paid out $684,000 in crypto by way of . an change within the Seychelles whereas beneath home arrest.

On December twenty ninth, BowTiedIguana reported on a sequence of pockets transactions allegedly linked to SBF. Transaction data appeared to point that the previous FTX CEO might have violated the phrases of his launch by not spending greater than $1,000 with out court docket approval.

Did disgraced crypto founder Sam Bankman-Fried simply pay $684,000 to a Seychelles crypto change whereas beneath home arrest?

His phrases of launch are that he can't spend greater than $1,000 with out court docket approval.

Let's look at the proof on chain

— BowTiedIguana (@BowTiedIguana) December 30, 2022



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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : December 30, 2022
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