SBF allegedly moves $684,000 into Seychelles exchange, RenBridge

On-chain information suggests the fallen laminitis of FTX Sam Bankman-Fried (SBF) moved Ethereum (ETH) worthy $684,000 to RenBridge and Seychelles-based exchanges implicit the past 2 days. 

In a Twitter thread, on-chain sleuth BowTiedlguana claimed that SBF transferred $684,000 worthy of Ethereum (ETH) to a Seychelles-based speech and RenBridge.

BowTiedlguana suggested that these transactions allegedly carried retired by SBF could beryllium a usurpation of his bail terms. As per the presumption of SBF’s $250 cardinal bail, the disgraced erstwhile crypto mogul is restricted from conducting transactions supra $1,000 without tribunal approval.

On Dec. 28, SBF allegedly emptied his public wallet by sending 0.6659 ETH, worthy astir $806.51 astatine the time, to a recently created address, arsenic per Etherscan data.

This recently created code received astir 185.1928 ETH from wallets tagged arsenic Alameda Research wrong a fewer hours, on-chain data shows. Now-defunct hedge money Alameda Research was owned by SBF and filed for bankruptcy on with FTX connected Nov. 11. Additionally, the caller wallet received 384.95 ETH, worthy astir $458,348, from assorted wallets.

From the caller wallet 519.95 ETH was transferred to an code that besides received funds from Alameda Research wallets, arsenic per on-chain information from Etherscan. This 3rd wallet past sent funds to a centralized speech successful Seychelles by routing the transactions via antithetic wallets, BowTiedlguana claimed. Part of the funds was besides sent to the Bitcoin web via the RenBridge, which was funded by Alameda Research.

Furthermore, $200,000 worthy of Tether (USDT) was allegedly transferred to FixedFloat speech from the SBF-linked wallet, BowTiedlguana stated.

The transactions occurred weeks aft SBF had claimed that helium lone had $100,000 successful his relationship and was disquieted astir however to wage his lawyers. The fallen crypto founder, whose nett worthy was written down to zero by Forbes during the week of Dec. 19, is expected to participate a plea bargain successful the U.S. Southern District of New York.

Judge Ronnie Abrams, who was expected to grip SBF’s transgression trial, stepped down connected Dec. 23, citing a imaginable struggle of interest. Bill Clinton-appointed judge, Lewis Kaplan was subsequently assigned to SBF’s lawsuit connected Dec. 27.

SBF faces respective counts of ligament fraud, wealth laundering, securities fraud, and commodities fraud charges from the Justice Department. The US Securities and Exchange Commission (SEC) accused SBF of “orchestrating a massive, years-long fraud” by rerouting billions of dollars of FTX idiosyncratic funds for idiosyncratic gain.

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