Disgraced FTX co-founder accused of moving $684K in crypto assets while under house arrest


An analyst said that Sam Bankman-Fried, the disgraced cofounder of FTX, may have cashed out $684,000 in cryptocurrency assets while under house arrest. It is against the court’s release conditions, which stipulate that the former FTX executive cannot spend more than $1,000 without permission.
Analyst Finds That Funds are Tied to SBF’s Wallets and Alameda’s Wallets Have Moved While the FTX Cofounder Is in House Arrest
An analyst named “Bowtiediguana”, published a tweet thread on Thursday that showed Sam Bankman-Fried might have spent $684K while under house arrest. Bowtiediguana claims that SBF offered to temporarily take over Sushiswap’s decentralized exchange (dex), in August 2020. This was after Chef Nomi, the anonymous founder, decided to leave. SBF and Chef Nomi shared an Ethereum address when the deal was made. Sushiswap was then transferred to SBF’s address.

Bowtiediguana tweeted, “After SBF was released”, his wallet sent all remaining crypto tokens (up to one hour earlier) to a new Ethereum account. “In just three hours, more than 100 new deposits were made from different addresses to this wallet, many of which had links to SBFs defunct hedgefund Alameda Research.” The analyst continued:
In just [four] hours, 570 [ethereum] valued at approximately $684,000 were transferred from this new wallet to various destinations. Funds were sent to a Seychelles-based no-KYC exchange and to the Bitcoin network via [Ren Protocol], which is a bridge funded in part by Alameda. Perhaps the SEC attorneys would like to be notified of this?
Bowtiediguana stated that the address in question was this ethereum address, “which received $1M more from 11 wallets labeled Alameda Research.” “Five separate transactions of 51 ETH were used for moving funds to new wallets and then onwards to a Seychelles based exchange. The analyst explained that three tranches of 200K USDT were also sent by the Fixedfloat exchange-linked wallet.
Bowtiediguana’s thread reveals that an individual sent the information to the U.S Securities and Exchange Commission (SEC), about the latest onchain movements. Others tagged the U.S. regulator and said: “@secgov you gave [SBF] 2 leash sires. Please address this criminal. Although it is not clear who moved the funds at the moment, many speculate that it was SBF.

Since SBF’s arrest, and his subsequent release, FTX-related funds and Alameda money have been moving and transfers have been caught onchain sleuths. Two days ago, funds linked to Alameda were sent to Fixedfloat or Changenow and then converted into BTC. Another example is that an Alameda-labeled wallet transferred 11.37 wrapped bitcoins (WBTC), to a wallet, after removing it on Dec. 29.
On the same day, a second wallet with Alameda-labeled addresses sent 22,500 USDC Dec. 29. These transactions were made the day after large amounts of ERC20 tokens that were linked to Alameda were moved Wednesday, Dec. 28.
What do you think of the onchain movements captured by Bowtiediguana’s analyst? Please comment below to let us know your thoughts on this topic.


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