Suspicious crypto transactions associated with Sam Bankman-Fried, former CEO of FTX, have come under scrutiny.
SBF was released on $250 million bail last week. Under the terms of the bail, he cannot make financial transactions of more than $1,000 without approval by the government or court, except to pay for legal costs or fees. It is unclear at this time whether he violated these terms. US officials are reportedly investigating the matter.
Suspicious Transactions Related to SBF Investigated
Recently, it was reported that the former CEO of FTX cashed in nearly $700,000 in cryptocurrencies after being released on bail. According to the news in Bloomberg, US prosecutors are investigating recent suspicious crypto transactions related to Sam Bankman-Fried and Alameda.
According to on-chain data, Alameda Research and SBF-related Ethereum wallet addresses bought ETH and USDT on Wednesday before being swapped for Bitcoin. According to transaction data on Etherscan, Alameda-linked wallets seem to be selling cryptocurrencies such as Lido, DOT and UNI for ETH and USDT.
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.https://t.co/5Gkin30Ny5
— SBF (@SBF_FTX) December 30, 2022
SBF, the former CEO of FTX, said in a tweet after the transactions came to light that he had nothing to do with the funds moved from Alameda Research.
Attorneys for the Southern District of New York are trying to find out who did what with the assets in question. For example, he said they’re investigating whether SBF (if it handles the transactions) is simply moving its own assets or cashing in without approval.
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