• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Meta-Stadiums and MeetKai Partner for ‘Premier Soccer Universe’

2023-12-06

Notorious B.I.G’s Virtual Experience Debuts on The Sandbox Metaverse

2023-12-05

Finland’s Vision for Metaverse Leadership by 2035

2023-12-04
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Meta-Stadiums and MeetKai Partner for ‘Premier Soccer Universe’

    2023-12-06

    Notorious B.I.G’s Virtual Experience Debuts on The Sandbox Metaverse

    2023-12-05

    Finland’s Vision for Metaverse Leadership by 2035

    2023-12-04

    Bored Apes’ Metaverse Band KINGSHIP Brings Music to Roblox

    2023-12-01

    EU Sets Sights on Active Role in Virtual World Creation

    2023-11-29
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Ripple files motion to block SEC appeal attempt

    2023-09-04

    JP Morgan believes SEC will be forced to approve ETFs after losing case against Grayscale

    2023-09-03

    Ripple Files Motion To Oppose SEC Appeal Over Landmark XRP Ruling

    2023-09-03

    U.S. SEC Punts on Bitcoin (BTC) Spot Exchange-Traded Fund Approvals, Delays Decisions Until October

    2023-09-02

    Navigating the significance of legal opinions in the crypto sphere

    2023-09-02
  • Learn

    How to Spot, Report, and Avoid – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-12-01

    Is Bitcoin Halal? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-11-17

    Ordinals (ORDI) Price Prediction – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-11-17

    Best GPUs for Mining Crypto in 2023. Overview of The Top Graphics Cards

    2023-11-17

    A Detailed Exploration – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-11-07
  • Market Cap
CryptoNewsMetaverse
Home»Regulation»Alameda wallets become active days after SBF bail, community mulls foul play
Regulation

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

2022-12-28No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The crypto wallets associated with now-bankrupt trading firm Alameda Research, the sister company of FTX, were seen transferring out funds just days after the former CEO Sam Bankman Fried was released on a $250 million bond.

The transfer of funds from Alameda wallets raised community curiosity, but more than that, the way in which these funds were transferred grabbed the community’s attention. The Alameda wallet was found to be swapping bits of ERC-20s for Ether (ETH)/Tether (USDT), and then the ETH and USDT were funneled through instant exchangers and mixers.

For example, a wallet address that starts with 0x64e9 received over 600 ETH from wallets that belong to Alameda, part of it was swapped to USDT while the other part of the transaction was sent to ChangeNow.

On-chain analyst ZachXBT noted that the Alameda wallet was eventually swapping the funds for Bitcoin (BTC) using decentralized exchanges such as FixedFloat and ChangeNow. These platforms are often used by hackers and exploiters to hide their transaction routes.

The funds are being swapped for BTC

bc1q67r2dc46ve66pe2qr9smaz5ktzefehugky5sv6
bc1qk4mnz4qkh9vfcm95z6ww9czhzjsknjr8s457mg
bc1qwx3herf245w6k9ljjfgdsngtvjsp3qs6znp8dd
bc1q7p22k0ly0pmy04ermzu76uyylveehu9cusrcnp pic.twitter.com/ueYLjQOalZ

— ZachXBT (@zachxbt) December 28, 2022

The never-ending FTX saga sees a new twist every day, and the latest transfer of funds to scoop out whatever is left in those crypto wallets is worrying for the community.

Many speculated that the pattern in which these funds are being swapped looks like an exploiter, but given Bankman-Fried’s known criminal past now, many speculated it could be an insider job to take out whatever is left in those wallets.

The call is coming from inside the house…

— AZcrypt (@ZcryptA) December 28, 2022

Others questioned the bail conditions and asked why was he given access to the internet. One user wrote that the former CEO was “desperately trying to funnel money out,” adding, “why did his bail condition include no computer/internet access?”

Related: US Department of Justice probing $372M FTX exploit: Report

The ongoing fund movements from Alameda wallets coincided with Bankman Fried’s bail because right after FTX filed for bankruptcy on Nov. 11, the exchange wallets were hacked for millions of dollars. The United States Department of Justice is currently investigating the $352 million FTX exploit right after its bankruptcy filing as well.

Source link

Active Alameda bail Community Days Foul Mulls Play SBF Wallets
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

EU Sets Sights on Active Role in Virtual World Creation

2023-11-29

Upland Community Votes to Make Spark Utility Token Tradable on Ethereum

2023-10-13

Ripple files motion to block SEC appeal attempt

2023-09-04

JP Morgan believes SEC will be forced to approve ETFs after losing case against Grayscale

2023-09-03
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Large Dormant Supply On The Move

2023-01-06

Ethereum Eyes Fresh Surge, Why ETH Could Surpass $1,700

2022-07-22

CZ Confirms Transfer Of FTT Tokens Worth $584 Million To Binance

2022-11-06

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Meta-Stadiums and MeetKai Partner for ‘Premier Soccer Universe’

2023-12-06

Notorious B.I.G’s Virtual Experience Debuts on The Sandbox Metaverse

2023-12-05

Finland’s Vision for Metaverse Leadership by 2035

2023-12-04
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$33,871.002.60%
  • ethereumEthereum(ETH)$1,782.861.16%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$225.48-1.17%
  • rippleXRP(XRP)$0.562.46%
  • usd-coinUSDC(USDC)$1.00-0.08%
  • Lido Staked EtherLido Staked Ether(STETH)$1,777.130.83%
  • SolanaSolana(SOL)$30.17-5.84%
  • cardanoCardano(ADA)$0.278897-0.24%