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FTX Co-Founder SBF Denies Moving Alameda-Related Funds

FTX Co-Founder SBF Denies Moving Alameda-Related Funds


SBF claims he didn’t move the funds as he doesn’t have access to Alameda-related crypto wallets.

Sam Bankman-Fried (SBF)a now-bankrupt cryptocurrency exchange FTX co-founder and former CEO, claims he has nothing to do with funds moved from Alameda Research-related crypto wallets.

According to Sam Bankman-Fried’s tweet on December 30th, the man no longer has access to Alameda-related wallets.

None of these are me. I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.

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Nevertheless, in another tweet, SBF claimed that according to him, “various legit legs of FTX have the ability to access these funds” and they are the ones moving them. At the end of this tweet, Bankman-Fried stated that he would be “happy to help advise regulators on this if any wanted.”

The crypto community on Twitter was furious about Bankman-Fried’s proposal to help regulators. One Twitter user, dubbed Lord Travis Wright, stated, “please don’t advise anything or anyone anytime.” Another user, Mason Pelt, noted, “I hope no regulators ever take advice from you on anything,” while others claim that SBF has already done enough advising.

It is worth noting that it was the first time Sam Bankman-Fried used Twitter after being released on bond. The man was arrested on December 12th in the Bahamas following a request from the authorities in the United States. Until December 21st, SBF was held in Nassau’s Fox Hill prison.

Four days before Christmas, SBF signed extradition documents and was transferred to the United States. On December 22nd, the man stood before the court and was released on bond.

On December 28th, around 30 Alameda Research-related crypto wallets suddenly woke up and started swapping various tokens to Ether (ETH) and Tether (USDT). In total, anonymous users swapped around $1.7 million worth of crypto and used various crypto-mixing services to hide the transaction paths.

Sam Bankaman-Fried should appear before the court on January 3rd.

Gile K. - Crypto Analyst

by Gile K. – Crypto Analyst, BitDegree






Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.

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