Latest Chain

Did Sam Bankman-Fried secretly cash out $1.5M?

 ​

$1.48 Million in cryptocurrencies was cashed from Alameda wallets via four different off-ramps.
Key Takeaways: Sam Bankman-Fried may be responsible for sending over $1.48 Million worth of crypto to different exchanges in order to cash out the funds.
One of his well-known wallets, together with many other Alameda wallets were able to consolidate funds and then ramp them up through three centralized exchanges as well as Ren.
It seems unlikely that law enforcement would be able to take control of these wallets.
Share this articleSamBankman-Fried claimed that he had $100,000 in his bank account. However, he never mentioned his wallets. Share this articleSam Bankman Fried claimed he only had $100,000 left in his bank account, but he never mentioned his wallets. On December 27, a wallet associated to Bankman-Fried sent 0.66 Ethereum to an Ethereum wallet that was created in 0x7386. The original wallet was tweeted out by SBF in September 2020. It received 569.95 ETH from dozens more wallets within five hours. Alameda Research is tagged as one of these wallets on Etherscan. It then sent 519.95 ETH to a wallet that was starting in 0x64e9. Although this wallet was brand new, it already had 800,000 USDT in its possession before the ETH transaction. The 800,000 USDT sent to four addresses previously, which were then combined into one wallet beginning in 0x4e5b. According to Etherscan that wallet belongs to FixedFloat, a centralized exchange. 0x64e9 then swapped most of its 519.95 Ethereum for USDT. For 10.33 renBTC, 200,000 USDT was again swapped. The funds were then bridged into Ren, which ensures full transaction privacy. Another 200,000 USDT was then sent to three wallets, and consolidated again in a wallet beginning with 0xbb3fd. Nansen flags this wallet as belonging to Binance. The remaining 310.85 ETH were sent to eight wallets and consolidated again on a wallet beginning in 0x077d. Etherscan labels it as belonging to ChangeNOW. After a quick hop through a burner wallet, the remaining 50 ETH were sent to this wallet. No. No. It is unlikely that these funds were moved at the request of law enforcement, as the wallet activity suggests that the owner was aware of using relatively censorship resistant methods to cash out. Decentral Media, Inc. does not provide investment advice. We do not provide personalized investment advice or any other financial advice. This website’s information is subject to change at any time. The information on this website could become obsolete or incorrect. You may not be able to update any information that is outdated, incomplete or inaccurate. We also reserve the right to change any information that is incorrect, incomplete or outdated. If you need investment advice about an ICO, IEO or other investment, we strongly recommend that you consult a licensed financial advisor or other qualified financial professional. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.See full terms and conditions.Recommended News

 

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *