Sam Bankman-Fried was accused of withdrawing $684,000 of cryptocurrency
Former FTX CEO Sam Bankman-Fried cashed out $684,000 in cryptocurrencies, possibly violating bail conditions. This was stated by a DeFi analyst under the pseudonym BowTiedIguana.
According to analysis by BowTiedIguana, on Dec. 28, the address associated with the FTX founder (0xD5758) sent the entire balance in Ethereum to the newly created wallet (0x7386d). The expert recalled that Bankman-Fried received control of 0xD5758 in August 2020 from the anonymous creator of SushiSwap under the nickname Chef Nomi.
Within a few hours, more than 100 deposits arrived at the new address. $367,000 worth of crypto has been sent from wallets linked to Alameda Research. More than $322,000 in assets had other origins.
