Sam Bankman-Fried Denies Role in Mysterious Crypto Transfers, Offers to Aid Regulators

Bankman-fried, founder of alameda research and ftx, was involved in mysterious transfers and token swaps from wallets linked to alameda research. bankman-fried was arrested on december 12 in the bahamas and extradited to the united states last week. he was released to fly to palo alto to stay with his parents after his family put up the required collateral against his $250 million “appearance bond”.

Transfers and token swaps from wallets linked to alameda research took place over the course of the last few months. bankman-fried was arrested in the bahamas, extradited to the united states, and released to fly to palo alto to stay with his parents.

Than $1.7 million worth of cryptocurrency held in wallets tied to alameda research was swapped through exchanges and coin mixers. coin mixers are used to obscure the movement of crypto funds between wallets, and bitcoin was moved into wasabi, the bitcoin-centric wallet that can group transactions together in an effort to hide their origins. bankman-fried denied his role in the transfers, and many prominent crypto builders, investors, and personalities quickly replied to his tweet to call him a liar and a fraud. it is unclear who is transferring the funds from these wallets, but it is unlikely that the funds are being moved by liquidators as part of bankruptcy proceedings around ftx and alameda.

https://decrypt.co/118193/sam-bankman-fried-denies-moving-alameda-linked-funds

By Evey Lovelace

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