Update Dec 30, 2022 (20:00UTC): Former FTX CEO Sam Bankman-Fried has recently tweeted that the outflow of funds from his supposed accounts is not in-fact him at all.
The Alameda Wallets show strange activities after the bailout of Sam Bankman-Fried. Could he be selling more crypto?
The Alameda wallets are active, just days after Sam Bankman-Fried bought his way out of the prison for a $250 million bail. Multiple accounts identified as Alameda Research wallets by Etherscan are transferring amounts in bits and pieces. Is Sam Bankman-Fried dumping crypto holdings of Alameda Research?
The Alameda Wallets try to Withdraw Funds Leaving No Trail
Notably, two freshly created wallets that start with 0x7386 and 0x64e9 have been receiving funds from Alameda Research in the past 24 hours. The first transaction they received was from the Alameda wallet, and since then, these addresses have been transferring amounts in bits and pieces to various other fresh wallets.
For example, 0x64e9 transferred 41.35 ETH most recently to a new wallet, 0xa8f2, which withdrew the funds using ChangeNOW. The only transaction done by this fresh wallet is to withdraw funds using ChangeNOW after receiving it from 0x64e9.
Multiple fresh wallets that received funds from Alameda have various transactions transferring funds to ChangeNOW and FixedFloat. Mostly hackers use these platforms to withdraw funds, leaving no trail. The on-chain sleuth, ZachXBT, discovered that the funds were being swapped for BTC.
Are Liquidators Selling the Alameda Funds, or is it Sam Bankman-Fried?
With Alameda and FTX filing for bankruptcy, the community does not neglect the possibility that liquidators might be liquidating wallets for bankruptcy proceedings. But the majority of the Twitter community believes otherwise.
The YouTuber Miles Deutscher says that “The fact that the funds are going through a weird route with a weird distribution through a mixer kind of just goes to show that it is likely, at least 99 percent, in my opinion, it is not the liquidators, and it is, in fact, someone at Alameda.” He believes that it can be Sam Bankman-Fried or someone else under his instructions that’s taking out money from Alameda.
Further, the community links the price drop of Solana, Matic, Lido, and Aptos with the activation of Alameda wallets.
According to a recent Reuters report, Sam Bankman-Fried will enter a plea next week. He will be present before the US District Judge Lewis Kaplan in Manhattan federal court on Jan. 3. Last week, Caroline Ellison, the CEO of Alameda Research, and Gary Wang, the co-founder of FTX, pleaded guilty.
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