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FTX founder Sam Bankman-Fried cashed out a ton of crypto shortly after being released from bail, on-chain data suggests.
According to an on-chain investigation by DeFi educator BowTiedIguana, SBF cashed out $684,000 of cryptocurrency on Seychelles exchanges while under house arrest.
Decentralized finance (DeFi) analyst BowTiedIguana tweeted Dec. 29. report A series of obfuscated wallet transactions allegedly linked to SBF suggest that the former FTX CEO may have violated the terms of his release not to spend more than $1,000 without court authorization. increase.
According to BowTiedIguana’s analysis, SBF’s public address (0xD5758) on December 28 sent all remaining Ether (ETH) to the newly created address (0x7386d). BowTiedIguana noted that in August 2020 he took over from Chef Nomi an address that SBF owned by the creator of her Sushiswap.
When SBF agreed to take over control of the Sushiswap exchange from its anonymous founder, Chef Nomi, in August 2020, he asked for ownership to be transferred to his Ethereum address https://t. .co/nE9z9tLd2n pic.twitter.com/vask9WqSHd
—BowTiedIguana (@BowTiedIguana) December 30, 2022
Within hours, 0x7386d received transfers totaling $367,000 from 32 addresses identified as Alameda Research wallets, and another $322,000 from other wallets. All the funds went to RenBridge, a centralized crypto exchange and crypto bridge in Seychelles, according to DeFi analysts.
RELATED: SBF met with Biden senior adviser two months before FTX collapse: report
0x7386d sent a total of 519.5 Ether (ETH), or approximately $629,000, to 0x64e9B and also received funds from an address labeled Alameda Research. BowTiedIguana also identified 5 separate transactions under 51 ETH ($61,000). These were used to move funds to newly created wallets and then “to Seychelles-based exchanges.”
In addition, SBF-linked wallet 0x64e9B sent three tranches of 200,000 Tether (USDT) to the FixedFloat exchange.
This article is under development and will be updated.
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