February 04, 2023




Home Cryptocurrency News Sam Bankman-Fried denies shifting funds from Alameda wallets – Cointelegraph

Sam Bankman-Fried denies shifting funds from Alameda wallets – Cointelegraph

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The previous FTX CEO denied shifting the funds saying; “I am not and could not be shifting any of these funds; I haven’t got entry to them anymore.”

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

On Dec. 30, Fried tweeted to his 1.1 million followers, denying any involvement within the motion of funds from Alameda wallets.  In response to the allegations that he could have been accountable for shifting funds out of Alameda wallets, he shared: “None of those are me. I am not and could not be shifting any of these funds; I haven’t got entry to them anymore.”

SBF’s tweet was in response to a news story printed by Cointelegraph, which reported {that a} pockets tackle that began with 0x64e9 had acquired over 600 ETH from wallets that belonged to Alameda. In line with on-chain transactional data, a part of the funds had been swapped to USDT whereas the opposite a part of the transaction was despatched to a mixing service.

The motion of funds and the way wherein it was moved raised suspicions inside the crypto group that it could have been an inside job. Some suspected that SBF could have been behind it. The Alameda pockets was discovered to be swapping bits of ERC-20s for Ether and USDT, which had been then funneled by means of immediate exchanges and mixers.

Related: FTX founder reportedly cashes out $684K after being released on bail

In line with an on-chain investigation performed by DeFi educator BowTiedIguana, SBF has reportedly cashed out $684,000 in crypto through. an change in Seychelles, whereas being beneath home arrest. 

On Dec. 29, BowTiedIguana reported on a collection of pockets transactions that had been allegedly linked to SBF. The transaction data appeared to recommend that the previous FTX CEO could have violated launch situations to not spend more than $1,000 with out permission from the courtroom.

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