“I did not and cannot access any of these funds; I no longer have access to them,” the former FTX CEO said.
The former CEO of the now-defunct FTX exchange, Sam Bankman-Fried, has denied transferring funds tied to the Alameda wallet just days after he was released on a $250 million bond. In a Dec. 30 tweet to his 1.1 million followers, Fried denied any involvement in the transfer of funds from the Alameda wallet. Responding to allegations that he was involved in transferring funds from Alameda's wallet, he said, "None of these were me. I did not and cannot access any of these funds because I no longer have access to them."
SBF’s tweet was in response to a Cointelegraph news report that wallet addresses starting with 0x64e9 had received over 600 ETH from wallets belonging to Alameda. Based on on-chain transaction records, some of the funds were exchanged for USDT, while the rest were routed to the mixing service.
The movement of the funds and the manner in which they were transferred has raised suspicions in the crypto community that it is an inside job. There has been speculation that SBF was behind it. The Alameda wallet was spotted exchanging Ether and USDT for ERC-20 bits, which were then routed through instant exchanges and mixers.
Those funds were still flowing as of Friday, as pseudonymous on-chain sleuth ZachXBT pointed out that the bitcoins had been moved into Wasabi, a bitcoin-centric wallet that groups transactions together to hide their origin .
It is unclear who is moving the funds from these wallets, although many cryptocurrency observers point to Bankman-Fried, since he is now free to move about from home and apparently has access to the internet. Despite his denials, many prominent cryptocurrency builders, investors, and celebrities were quick to respond to his tweets calling him a liar and a liar.
I hope now you will learn about Sam Bankman-Fried (SBF) denies moving funds from Alameda wallets. FTX and Alameda Research filed for bankruptcy in November following a liquidity crunch that reportedly lost billions of dollars worth of client funds. Alameda allegedly used FTX client funds to cover trading losses from this summer’s cryptocurrency market crash.
