Sam Bankman-Fried Denies Transferring Funds From Alameda Wallets
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Sam Bankman-Fried Denial About Fund Transfer From Alameda Wallets
SBF tweeted in reaction to a news article that claimed wallet addresses beginning with 0x64e9 acquired more than 600 ETH from wallets belonging to Alameda. On-chain transactional data indicate that some of the monies were converted to USDT, and others were delivered to a mixing service.
Exchange of ERC-20 Tokens, Ether and USDT
The cryptocurrency firm was suspicious that it could be an inside operation based on the movement of the money and how it was handled. Some speculated that SBF was responsible. It was discovered that the Alameda wallets were exchanging pieces of ERC-20 tokens for ether and USDT, subsequently routed through mixers and quick exchanges.
SBF allegedly paid out $684,000 in cryptocurrency via a Seychelles exchange while under house imprisonment, according to an on-chain study by DeFi instructor BowTiedIguana. On December 29, BowTiedIguana published a report on a slew of purported SBF-related wallet transactions. The transaction records appeared to indicate that the former CEO of FTX may have disregarded the court-approved $1,000 spending limit when he was released on bond.