According to an Onchain investigation, wallets linked to disgraced FTX co-founder Sam Bankman-Fried transferred a significant number of previously unreported transactions across various blockchains. The transfers were discovered by Coinbase CEO Conor Grogan, and while most of the transactions took place on December 28, there was some activity in the first few days of the new year.
Onchain discoveries reveal suspicious unreported transactions related to SBF, FTX and Alameda
About a week ago, on December 28, 2022, onchain investigators discovered that a number of funds linked to FTX and Alameda Research wallets were transferred while former FTX CEO Sam Bankman-Fried was under house arrest. Bankman-Fried two days after the funds were transferred he tweeted: “None of this is me. I have not transferred any of these funds, nor could I; I no longer have access to them.” When he tweeted on Dec. 30, he was immediately bombarded with questions. “How about a money transfer to the address you specified as yours?” he asked Cobie, cryptocurrency advocate and host of Uponly.
“I believe that the various legal legs of the FTX have access to these funds; hopefully that’s what’s going on here” SBF he added. “If not, I hope that a step will be taken soon to do so. I will be happy to advise the regulators on this if anyone wants it.”
A week after Onchain sleuths discovered the movement of addresses linked to FTX and Alameda, Coinbase CEO Conor Grogan, who frequently tweets about onchain activity, discovered a large number of SBF-related tokens moving across different blockchains. The moves took place on blockchains like Polygon, Binance Smart Chain (BSC), Arbitrum, and Avalanche. Addresses have seen moves for coins such as MATIC, AVAX, USDC, USDT, BTCB, WBTC, SPELL, PTP, MDX and more.
“SBF (or someone with access to the wallet) likely transferred $10 million in previously unreported transactions between the Avalanche, BSC, Arbitrum, and Polygon blockchains,” Grogan said. he tweeted. “The last activity took place on 1/02 and 1/03 [and] I found a wallet with 30+ million dollars. I went through every address associated with SBF and checked other blockchains. Private keys for ETH work on other EVM chains,” Grogan added.
In addition to Grogan’s tweets, onchain researcher Ergo he tweeted About some FTX-related bitcoin moves on January 4, 2023. “Probably bankruptcy group activity,” Ergo said. “ETH tx resets WBTC deposit address unlike FTX/FTXUS scan … Seperates FTX and Alameda assets? The address has 502 BTC from Deribit withdrawals. At the time of writing, the address now has a balance of around 3,499 BTC, after an initial 502 BTC.
In addition, after Ergo’s tweet, the researcher also shared a tweet indicating that the funds were available sent Wasabi to the wallet. “The bankruptcy team is still not releasing their addresses,” Ergo he said. “But more onchain proves that instant-changer addresses don’t behave the same way as ‘FTX’s legitimate legs’.”
Any thoughts on the mysterious FTX and Alameda related token moves? Share your thoughts with us in the comment section below.
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