On December 28, after four weeks of dormancy, 30 <a href="https://www.cryptoknowmics.com/news/fbi-seeks-bitcoin-wallet-information-of-ransomware-attacks">bitcoin wallets</a> connected to <a href="https://www.cryptoknowmics.com/news/alameda-research-wallets-exchange-multiple-crypto-coins-for-bitcoin">Alameda Research</a>, the insolvent sibling firm of FTX, started to function. Through different crypto-mixing services, these Alameda wallets exchanged and combined <a href="https://www.cryptoknowmics.com/news/coindcx-offers-to-let-indians-earn-yield-on-crypto-holdings">cryptocurrency holdings</a> totaling over $1.7 million. Market manipulators and criminals frequently employ crypto mixers to obfuscate the transaction trail, making it difficult to identify the source of the cash.
<h2>Funds Transferred Through Crypto Mixers</h2>
According to a report from December 28, the abrupt transfer of money from Alameda wallets just a few days after Sam Bankman Fried was granted bail sparked concerns among the <a href="https://www.cryptoknowmics.com/news/upcoming-ethereum-merge-event-raises-concerns-in-crypto-community">cryptocurrency community</a>. It appears that the person responsible for these financial transfers spent a lot of time preparing how to conceal transaction paths almost 24 hours later.

The first flow of money started with numerous Alameda identities exchanging tokens for Ether/Tether and transferring them to crypto mixers, according to <a href="https://twitter.com/ArkhamIntel/status/1608204990581202946?s=20&amp;t=sApd0A4nVXpeGcaIChHQGg" target="_blank" rel="nofollow noopener">information</a> provided by the crypto forensic organization Arkham. Most of these payments were traced to two primary wallets with the prefixes 0xe5D and 0x971.

https://twitter.com/ArkhamIntel/status/1608204990581202946?s=20&amp;t=sApd0A4nVXpeGcaIChHQGg
<h2>The Transfer Procedure</h2>
After sending tokens to an address beginning with 0x738, the Alameda wallet then transmitted tokens to an address beginning with 0x64e. After that, the <a href="https://www.cryptoknowmics.com/news/tron-dao-joins-the-enterprise-ethereum-alliance">ETH</a> is divided and sent to smaller wallets, typically worth $200,000 and $50,000, via this 0x64e wallet. It was then given to mixers like Fixedfloat and ChangeNOW.

Stablecoins were purchased via a different wallet, where wallet assets were first converted to USDT and then transmitted to Fixedfloat. Another 400,000 <a href="https://www.cryptoknowmics.com/news/world-cup-is-more-exciting-with-welcome-bonus-up-to-5000-usdt-from-coinplay">USDT</a> was funneled through different means, for a total of 800,000 USDT that was exchanged utilizing mixers. The BTC network received stablecoins worth an extra 200,000 USDT via renBTC.

Alameda Wallets Transfer Over $1.7M Via Crypto Mixers Overnight

On December 28, after four weeks of dormancy, 30 bitcoin wallets connected to Alameda Research, started to function via different crypto mixers.

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Alameda Wallets Transfer Over $1.7M Via Crypto Mixers Overnight

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