Days after being freed on a $250 million bond, Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied shifting money from Alameda wallets.
Fried tweeted his denial of any role with the transfer of money from Alameda wallets to his 1.1 million followers on December 30. “None of these are me,” he said in response to claims that he may have been in charge of transferring money from Alameda wallets. “I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.”
SBF tweeted in reaction to a Cointelegraph news article that claimed wallet addresses beginning with 0x64e9 have received more than 600 ETH from wallets belonging to Alameda. On-chain transactional data show that a portion of the funds were transferred to USDT while the remainder was transmitted to a mixing service.
The movement of money and the way it was moved sparked rumors that it might have been an inside job in the cryptocurrency industry. Some believed SBF might be responsible. It was discovered that the Alameda wallet was exchanging ERC-20 token bits for Ether and USDT, which were subsequently routed through instant exchanges and mixers.
During his house imprisonment, SBF allegedly cashed out $684,000 in cryptocurrency via a Seychelles exchange, according to an on-chain inquiry by DeFi instructor BowTiedIguana.
On December 29, BowTiedIguana published a report on a slew of purported SBF-related wallet transactions. The transaction records appeared to indicate that the former CEO of FTX may have disregarded the court’s order that he not exceed $1,000 in expenditures.