2023 is here, but Sam Bankman-Fried’s (SBF) problems may not leave his side any time soon. As the United States authorities are planning to investigate against the accounts that may be linked with SBF’s Alameda firm, reports.
The Founder of FTX and Alameda Research, SBF, is currently on a $250 Million bond bail, living in his parents’ house. But there were lots of “suspicious transfers of crypto assets” that were linked with SBF or his firm, according to a Bloomberg report at the end of previous week.
Independent analysts highlight crypto transactions linked to SBF
Over the last several days, a blockchain analyst was tracking the fund transfers, which were estimated to be more than $1 Million according to data tracker, Arkham Intelligence. These transfers of funds appear to be tied to digital wallets associated with SBF and his defunct hedge fund Alameda Research.
Alameda ETH addresses are digging around in the sofa for spare change and swapping bits ERC20s for ETH/USDT.
ETH and USDT then funneled through instant exchangers.
Rings some major alarm bells…https://t.co/GRVtChDL9rhttps://t.co/LJBi7cuFZLhttps://t.co/nxcXWgm5VO pic.twitter.com/AqcgxVRoMr
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In addition, as per the on-chain investigation conducted by DeFi Analyst BowTiedIguana, it noted on twitter and asked “Did Sam Bankman-Fried just cash out $684k to a crypto exchange in the Seychelles while under house arrest?”
Did disgraced crypto founder Sam Bankman-Fried just cash out $684k to a crypto exchange in the Seychelles while under house arrest?
His release conditions are that he not spend more than $1,000 without permission from the court.
Let's examine the evidence on chain
— BowTiedIguana (@BowTiedIguana) December 30, 2022
Through several Twitter threads of which some are currently “unavailable,” the analyst highlighted that “In less than 4 hours, 570 ETH worth approximately $684,000 was transferred out of this new wallet, to various destinations. Funds were sent to a no KYC exchange based in the Seychelles and to the Bitcoin network via the Renprotocol, a bridge funded by Alameda.”
The US regulatory agencies may have decided to conduct an investigation of these “suspicious transfers” of the funds at the end of the previous week.
SBF “Active” on Twitter
After all these transactions came to light, SBF took to Twitter to clarify: “None of these are me. I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.”
“I believe it is likely the case that various legit legs of FTX have the ability to access these funds; hopefully that’s what’s happening here. If not, hopefully one steps in soon to do so. I would be happy to help advise regulators on this if any wanted,” he said.
SBF may have denied these accusations: “none of these is he;” but the US regulatory agencies are likely to take these accusations seriously.
Source: https://www.thecoinrepublic.com/2023/01/02/us-prosecutors-likely-to-probe-sbfs-alameda-linked-accounts/