Alameda wallets become active days after SBF bail, community mulls foul play

A crypto wallet associated with FTX’s sister company, now bankrupt trading firm Alameda Research, was seen transferring funds days after former CEO Sam Bankman Fried was released on a $250 million bond. was given.

Sending money from the Alameda wallet sparked community curiosity, but more than that, the way these funds were transferred caught the community’s attention. It turns out that the Alameda wallet exchanges ERC-20 bits for Ether (ethereum)/Tether (USDT), and ETH and USDT were funneled through instant exchangers and mixers.

For example, a wallet address starting with 0x64e9 received over 600 ETH from a wallet belonging to Alameda, some of which was swapped into USDT and the rest of the transaction was sent to ChangeNow.

On-chain analyst ZachXBT pointed out that Alameda wallets are finally exchanging funds for Bitcoin (Bitcoin) using decentralized exchanges such as FixedFloat and ChangeNow. These platforms are often used by hackers and abusers to hide transaction roots.

The never-ending FTX saga shows new twists every day, and the latest fund transfers to skim what’s left in these crypto wallets is a concern for the community.

Many speculated that the pattern in which these funds were exchanged seemed exploitative, but given Bankman-Fried’s known criminal record, many speculated that those purses remained. I surmised that it could be the job of an insider to take out anything.

Others questioned the terms of his bail and asked why he was given internet access. I have written The former CEO said he was “desperately trying to put money in,” adding, “Why didn’t his bail terms include computer/internet access?”

Related: US Department of Justice Investigating $372 Million FTX Exploit: Report

Shortly after FTX filed for bankruptcy on Nov. 11, the exchange’s wallet went to hacked for millions of dollarsThe US Department of Justice is currently investigating a $352 million FTX exploit shortly after filing for bankruptcy.