Decentralized Finance (DeFi) analyst BowTiedlguana has revealed that defunct crypto exchange FTX’s co-founder and ex-CEO Sam Bankman-Fried (SBF) cashed out $684k soon after his tour of FOX Hill prison. Despite being written in released terms, he may have violated rules knowingly.
Back to back scenes in FTX drama
SBF withdrew a large amount from an exchange situated in Seychelles, while being under house arrest after his extradition to the U.S. He skipped prison with a bail granted on a $250 million bond.
On-chain investigation carried by DeFi educator Bowtiedlguana was presented on Twitter as on December 29, stated in a long Twitter thread:
“Did disgraced crypto founder Sam Bankman-Fried just cash out $684k to a crypto exchange in the Seychelles while under house arrest?
His release conditions are that he not spend more than $1,000 without permission from the court. Let’s examine the evidence on chain.”
As per media reports, the Bahamas Securities Commission seized $3.5 bil
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