Onchain Sleuths Discover Funds Linked to Alameda Swapped for ETH, USDT, BTC by a Mysterious Entity

On Dec. 27, 2022, a fig of onchain researchers noticed that funds connected to Alameda Research and FTX person moved and person been swapped for different tokens. Reports amusement the hacker known arsenic the ‘FTX Accounts Drainer,’ traded ample sums of ERC20 tokens for integer assets similar tether, ethereum, and bitcoin.

Funds Tied to Sam Bankman-Fried’s Alameda Research Traded for Ethereum, Tether, and Bitcoin

It seems whoever controls the funds that erstwhile were connected to Alameda and FTX is starting to determination a ample fistful of ERC20 tokens. According to the OXT onchain researcher Ergo, connected Twitter, Alameda-linked addresses started to swap ERC20s for ETH and USDT. “Alameda ETH addresses are digging astir successful the sofa for spare alteration and swapping bits ERC20s for ETH/USDT,” Ergo tweeted. “ETH and USDT past funneled done instant exchangers. Rings immoderate large alarm bells,” the onchain researcher added.

In effect to Ergo’s tweet, the onchain sleuth Zachxbt replied and said: “the funds are being swapped for [bitcoin],” portion sharing 4 antithetic BTC addresses (1, 2, 3, 4). All 4 of those addresses were sent astir 11.9 bitcoin worthy adjacent to $199K utilizing today’s BTC speech rates. In the thread published by Ergo, idiosyncratic asked if the money movements apt derived from the liquidators. Zachxbt dismissed the thought erstwhile helium tweeted: “don’t deliberation they would usage Fixedfloat oregon Changenow.”

Ergo besides elaborate that funds were swept into this ethereum wallet here.

Nansen’s Martin Lee besides confirmed that the funds were sent to Fixedfloat oregon Changenow. “Lots of enactment going connected among Alameda wallets successful the past 6-7 hours,” Lee said. “Various tokens connected ETH being consolidated into [two] main wallets. Swapped to ETH/USDT (USDC to USDT too). USDT [then] swapped to ETH. Sent to aggregate wallets and [then] to Fixedfloat [and] Changenow.” Lee further added:

Transactions look unusual to me. Consolidation makes consciousness but aft it’s being consolidated the funds get sent to caller wallets earlier it gets sent to Changenow [and] Fixedfloat.

In summation to the caller movements, the FTX Accounts Drainer besides controls the ethereum (ETH) code “0x97f.” The wallet holds astir $200 cardinal successful ERC20 tokens and $41 cardinal worthy of FTT tokens. There’s a important sum of crypto assets that were confiscated by an chartless entity the aforesaid time FTX filed for bankruptcy protection.

Furthermore, conscionable days earlier the bankruptcy filing, connected Nov. 6, 2022, FTX’s bitcoin reserves which equated to 20,176.84 BTC, were siphoned from the wallet successful little than 24 hours. The whereabouts of the much than 20,000 bitcoin worthy $334.24 cardinal contiguous is inactive a mystery. A fig of speculators person wondered if achromatic chapeau hackers oregon adjacent instrumentality enforcement present person power implicit these funds, portion galore speculate the proprietor is simply a thief.

What bash you deliberation astir the Alameda funds connected the determination and the ERC20 tokens being traded for ethereum, tether, and bitcoin? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.