Defi analyst claims SBF cashed out $684k despite legal restrictions

Pseudonymous DeFi analyst BowTiedIguana shared his investigation and found that FTX co-founder SBF violated his $250M court bail agreement. 

Sam Bankman-Fried (SBF) is the former CEO & founder of the FTX crypto exchange. SBF used the FTX exchange funds for personal benefits in multiple ways & also funded his other crypto hedge firm Alameda Research, which was unethical. In early Nov 2022, FTX collapsed badly. Finally, on 11 Nov, FTX filed for bankruptcy in a US district court along with more than 100s of its affiliated companies. 

Last week, SBF secured bail from the court on behalf of collateral of a $250M bond agreement. At present, SBF is not allowed to spend more than $1000 without court permission. 

On 30 Dec, Pseudonymous DeFi analyst and educator BowTiedIguana shared a full investigation that he did on SBF-owned crypto addresses. 

      -----Cryptonews AD----->>>  

Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE

  <<<-----Cryptonews AD-----    

 

Defi analyst noted that SBF received transfers summing up to $367,000 from 32 addresses identified as Alameda Research wallets. Furthermore, an additional $322,000 came from other wallets.

In less than 4 hours, 570 ETH worth approximately $684,000 was transferred out of this new wallet, to various destinations.

Funds were sent to a no KYC exchange based in the Seychelles and to the Bitcoin network via the @renprotocol, a bridge funded by Alameda.

— BowTiedIguana (@BowTiedIguana) December 30, 2022

Investigator also shared a 2-year-old Tweet where SBF acquired the ownership of the mentioned Crypto address & linked new address.

Chef Nomi transferred ownership to SBF's addresshttps://t.co/DxQ4EZQ6hC

— BowTiedIguana (@BowTiedIguana) December 30, 2022

The investigation also noted that in all the processes, Alameda Research’s crypto transactions were involved, and also SBF did this work without a KYC barrier.

Investigator also urged people to report this thing to the United States Securities and Exchange Commission (SEC) attorneys, so that enforcement agencies can take suitable action against SBF over the illegal activities that SBF did While Under House Arrest.

Perhaps the SEC attorneys would like notice of this. I'm a cartoon lizard so can someone else please email them?https://t.co/PbarT3BNFl

— BowTiedIguana (@BowTiedIguana) December 30, 2022

Read also:  Bitcoin proponent says 2023 will be another tough year

Defi analyst claims SBF cashed out $684k despite legal restrictions

 

https://bitcoinik.com/defi-analyst-claims-sbf-cashed-out-684k-despite-legal-restrictions/feed/

https://bitcoinik.com/defi-analyst-claims-sbf-cashed-out-684k-despite-legal-restrictions/feed/