Wallets associated with Sam Bankman-Fried’s FTX sister firm Alameda Research are reportedly shuffling around crypto funds and using coin mixers to obscure transactions. Blockchain analysts observed the wallets swapping obscure tokens for Bitcoin, Ether, and Tether.
Arkham Intelligence data claims that more than $1.7 million worth of crypto was traded. And some funds are going through coin mixers which anonymize crypto transactions and hide their origins. ZachXBT, a pseudonymous blockchain sleuth, highlighted that Bitcoin was put into Wasabi – a popular wallet that groups Bitcoin transactions together to hide their origins. ZachXBT believes it’s unlikely that a liquidator would use tools like FixedFloat and ChangeNow to exchange funds.
SBF, who is alleged to have used customer funds to make risky bets through Alameda Research, is currently under house arrest after he was released on $250 million bond by US officials last week. The founder of FTX crypto exchange was extradited from the Bahamas. SBF is facing eight criminal charges, including money laundering and wire fraud. Moreover, the SEC and CFTC have filed lawsuits against him and his companies.
Caroline Ellison, the former CEO of Alameda Research, told a judge that she helped SBF knowing that it was wrong and illegal to do so. Since November 2022 when Sam Bankman-Fried’s crypto empire collapsed, there have been many mysterious movements of FTX-linked crypto funds.
