Sam Bankman-Fried (SBF), the disgraced founder and former CEO of bankrupt cryptocurrency exchange FTX, has reportedly cashed out $684,000 worth of crypto assets despite court restrictions on spendings above $1,000.
On-chain DeFi analyst BowTiedIguana took to Twitter to unravel the location where SBF transferred the funds.
Following the Money Trail
After Bankman-Fried’s $250 million bail last week, the FTX boss sent all the ether (ETH) in his public wallet to a new wallet address – 0x7386df2Cf7e9776bCE0708072c27d6a7135D51CB.
Some hours later, $367,000 worth of cryptocurrencies were transferred from 32 addresses owned by SBF’s trading firm Alameda Research to the same wallet.
The address received another $322,000 from other wallets, bringing the total assets to roughly $689,000.
The wallet address, 0x7386, then sent $629,000 worth of tokens from its entire holding into another wallet address – 0x64e9B9cD74A46f71e7631CB033afA6E7849a8683.
Eleven wallet addresses labeled as Alameda-
We współpracy z: https://cryptopotato.com/did-sbf-just-cash-out-684k/
