- SBF cashed out $684k in cryptos during house arrest
- 32 wallets identified as belonging to Alameda Research
- All funds were moved to a centralized crypto exchange in Seychelles
According to an on-chain investigation conducted by DeFi instructor BowTiedIguana, SBF cashed out $684k in cryptocurrency to a Seychelles exchange while under house imprisonment.
BowTiedIguana, a Decentralized Finance (DeFi) analyst, took to Twitter on December 29 to report on a series of shady wallet transactions allegedly associated with SBF.
According to BowTiedIguana’s investigation, SBF’s public address (0xD5758) transmitted all remaining Ether to a newly constructed address on December 28. (0x7386d). BowTiedIguana said that in August 2020, SBF took over the address once owned by Sushiswap’s originator, Chef Nomi.
Within hours, 0x7386d received $367k in transfers from 32 wallets identified as belonging to Alameda Research, as well as $322k from other wallets. According to the DeFi analyst, all funds were moved to a centralized crypto exchange in Seychelles and the crypto bridge RenBridge.
0x7386d transferred 0x64e9B a total of 519.5 Ether ETH, or approximately $629,000, along with payments from addresses designated Alameda Research.
In other news, according to a press statement that was issued by the Bahamian Securities Commission (BSC) late on Thursday night, the BSC has seized custody of FTX deposits with a total value of more than $3.5 billion as of November 12. Notably, the ruling that allowed the regulator in the Bahamas to collect these cryptocurrencies came from the highest court in the nation.
Additionally, the supervisor emphasized that it will continue to keep hold of the crypto assets. This would be until the order from the Supreme Court to restore them to the creditors and consumers of the defunct cryptocurrency exchange is carried out.
