BTC

$63927.797

-1.79%

ETH

$3144.181

-1.44%

BNB

$601.814

-2.25%

XRP

$0.529

-0.39%

News

FTX And Alameda Related Wallets Are Highly Active After SBF Is Guaranteed

December 28, 2022 - Around 2 mins mins to read

Key Points:

  • FTX And Alameda Related Wallets were recorded after SBF was released on bail.
  • The mass of money being transferred to the mixer worried the community.
  • The community doubts the containment for SBF can be relaxed.
FTX and Alameda related wallets have restarted after former FTX CEO Sam Bankman-Fried (SBF) was released on bail for $250 million, according to Cointelegraph.
FTX And Alameda Related Wallets Are Highly Active After SBF Is Guaranteed

Cryptocurrency Wallets related to FTX and Alameda Research are currently attracting much community attention because of their movement. However, many expressed concern that the destination of these funds was cryptocurrency mixers.

Alameda wallet was found to be exchanging small ERC20 tokens for ETH/USDT, which then pooled ETH and USDT through decentralized exchanges and mixers.

A wallet address starting with 0x64e9 received over 600 ETH from a wallet belonging to Alameda, part of it was swapped into USDT while the rest of the transaction was sent to ChangeNow.

On-chain analyst ZachXBT noted that the Alameda wallet exchanged money for Bitcoin (BTC) using decentralized exchanges like FixedFloat and ChangeNow. Hackers and miners often use these platforms to conceal their transaction routes.

FTX And Alameda Related Wallets Are Highly Active After SBF Is Guaranteed

After the charges were exposed, this move was linked to the founder and former SBF executive. These assets may be dumped to make use of all that is left in the wallets.

FTX And Alameda Related Wallets Are Highly Active After SBF Is Guaranteed

The never-ending FTX saga sees a new twist every day, and the latest transfer of funds to scoop out whatever is left in those crypto wallets is worrying for the community.

Besides tracking wallet movements related to FTX and Alameda, some also questioned why SBF could access the internet during confinement. Has it been loosened?

As mentioned in an earlier Coincu News article, sources close to the Fox Hill prison in the Bahamas, where the SBF was first detained, revealed that he received unprecedented favors there is precedent.

The US Department of Justice is currently investigating the $352 million FTX mining case shortly after filing for bankruptcy.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News

News

FTX And Alameda Related Wallets Are Highly Active After SBF Is Guaranteed

Key Points:

  • FTX And Alameda Related Wallets were recorded after SBF was released on bail.
  • The mass of money being transferred to the mixer worried the community.
  • The community doubts the containment for SBF can be relaxed.
FTX and Alameda related wallets have restarted after former FTX CEO Sam Bankman-Fried (SBF) was released on bail for $250 million, according to Cointelegraph.
FTX And Alameda Related Wallets Are Highly Active After SBF Is Guaranteed

Cryptocurrency Wallets related to FTX and Alameda Research are currently attracting much community attention because of their movement. However, many expressed concern that the destination of these funds was cryptocurrency mixers.

Alameda wallet was found to be exchanging small ERC20 tokens for ETH/USDT, which then pooled ETH and USDT through decentralized exchanges and mixers.

A wallet address starting with 0x64e9 received over 600 ETH from a wallet belonging to Alameda, part of it was swapped into USDT while the rest of the transaction was sent to ChangeNow.

On-chain analyst ZachXBT noted that the Alameda wallet exchanged money for Bitcoin (BTC) using decentralized exchanges like FixedFloat and ChangeNow. Hackers and miners often use these platforms to conceal their transaction routes.

FTX And Alameda Related Wallets Are Highly Active After SBF Is Guaranteed

After the charges were exposed, this move was linked to the founder and former SBF executive. These assets may be dumped to make use of all that is left in the wallets.

FTX And Alameda Related Wallets Are Highly Active After SBF Is Guaranteed

The never-ending FTX saga sees a new twist every day, and the latest transfer of funds to scoop out whatever is left in those crypto wallets is worrying for the community.

Besides tracking wallet movements related to FTX and Alameda, some also questioned why SBF could access the internet during confinement. Has it been loosened?

As mentioned in an earlier Coincu News article, sources close to the Fox Hill prison in the Bahamas, where the SBF was first detained, revealed that he received unprecedented favors there is precedent.

The US Department of Justice is currently investigating the $352 million FTX mining case shortly after filing for bankruptcy.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News

Visited 56 times, 1 visit(s) today