Sam Bankman-Fried denies movement of Alameda funds

Former FTX CEO Sam Bankman-Fried (SBF) denies that he recently moved funds from Alameda Research crypto wallets after being released on bail for $250 million a few days ago.

SBF denied on Twitter yesterday, December 30, that it was connected to the current money movements of the Alameda wallets in question. Accordingly, Bankman-Fried writes: "That's not me. I didn't want to and couldn't move this money at all, because I no longer have access to it."

With this, SBF is directly responding to a Cointelegraph story in which we reported that a wallet with address beginning 0x64e9 received more than 600 ETH from a wallet owned by FTX sister company Alameda. As the blockchain data shows, part of the funds were directly converted into USDT, while the rest went to so-called crypto mixers.

The movement of the funds and the way in which they were moved quickly caused irritation in the crypto community and raised suspicions of an insider. For many, it was therefore obvious that SBF was personally behind the transactions.

On-chain analyst BowTiedIguana, considering the overall circumstances, concludes that SBF has liquidated $684,000 in crypto assets through a Seychelles crypto exchange while under house arrest in the US.

On December 29, BowTiedIguana had already drawn attention to the suspicious transactions and linked them to SBF. If these allegations are true despite Bankman-Fried's denials, then he would at least have violated his bail conditions, which stipulate that he may not move more than $1,000 without obtaining court permission.

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