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

The crypto wallets associated with now-bankrupt trading steadfast Alameda Research, the sister institution of FTX, were seen transferring retired funds conscionable days aft the erstwhile CEO Sam Bankman Fried was released connected a $250 cardinal bond.

The transportation of funds from Alameda wallets raised assemblage curiosity, but much than that, the mode successful which these funds were transferred grabbed the community’s attention. The Alameda wallet was recovered to beryllium swapping bits of ERC20s for ETH/USDT, and past the Ether (ETH) and USDT (USDT) were funneled done instant exchangers and mixers.

For example, a wallet code that starts with 0x64e9 received implicit 600 ETH from wallets that beryllium to Alameda, portion of it was swapped to USDT portion the different portion of the transaction was sent to ChangeNow.

On-chain expert ZachXBT noted that the Alameda wallet was yet swapping the funds for Bitcoin (BTC) utilizing decentralized exchanges specified arsenic FixedFloat and ChangeNow. These platforms are often utilized by hackers and exploiters to fell their transaction routes.

— ZachXBT (@zachxbt) December 28, 2022

The never-ending FTX saga sees a caller twist each day, and the latest transportation of funds to scoop retired immoderate is near successful those crypto wallets is worrying for the community.

Many speculated that the signifier successful which these funds are being swapped looks similar an exploiter, but fixed Bankman-Fried’s known transgression past now, galore speculated it could beryllium an insider occupation to instrumentality retired immoderate is near successful those wallets.

The telephone is coming from wrong the house...

— AZcrypt (@ZcryptA) December 28, 2022

Others questioned the bail conditions and asked wherefore was helium fixed entree to the internet. One idiosyncratic wrote that the erstwhile CEO was "desperately trying to funnel wealth out," adding, "Why did his bail information see nary computer/internet access?"

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

The ongoing money movements from Alameda wallets coincided with Bankman Fried’s bail, likewise close aft FTX filed for bankruptcy connected Nov. 11, the exchange wallets were hacked for millions of dollars. The United States Department of Justice is presently investigating the $352 cardinal FTX exploit close aft its bankruptcy filing arsenic well.