1: wallets linked to alameda research, the collapsed trading firm of ftx founder sam bankman-fried, have continued to shuffle crypto funds and are using coin mixers to obscure transactions. reports suggest that caroline ellison, the former ceo of alameda, was aware of bankman-fried’s illegal activities yet still aided the schemes. on the night of the bankruptcy filing, hundreds of millions of dollars in digital assets were quickly withdrawn from the exchange.
2: on wednesday, the wallets were observed trading obscure tokens for bitcoin and ethereum, as well as stablecoin tether. data from arkham intelligence showed more than $1.7 million worth of crypto was traded. sam bankman-fried founded alameda research in 2019. alameda research specializes in high-frequency trading, cryptocurrency derivatives, and risk management strategies.
3: it appears that some of the funds are being processed through coin mixers for anonymity. james bromley, counsel to ftx’s new management, stated that a “substantial amount” of the exchange’s assets have gone missing or been stolen. coin mixers, which offer increased privacy for digital asset holders, have drawn scrutiny for their alleged ties to illegal activities. blockchain sleuth zachxbt stated that the bitcoin was sent to wasabi, a popular wallet that groups bitcoin transactions together to make them untraceable. it is likely that bankman-fried and ellison used coin mixers to obscure their transactions and launder the stolen funds.