If these funds were spent by SBF, it violates the court’s release conditions which state that the former FTX executive is not allowed to spend more than $1,000 without court permission.
Analyst finds funds tied to SBF and Alameda portfolios moved while FTX co-founder is under house arrest.
On Thursday, an analyst called “Bowtiediguana” has published a Twitter thread that shows Sam Bankman-Fried may have spent $684K while under house arrest. According to Bowtiediguana, in August 2020, SBF agreed to temporarily take over decentralized exchange (dex) Sushiswap, after anonymous founder Chef Nomi decided to leave. When the deal was done, SBF shared a public Ethereum address and Chef Nomi transferred ownership of Sushiswap to SBF’s address.
“After SBF was released, his wallet sent all his remaining tokens to a new Ethereum address created an hour earlier.“, tweeted Bowtiediguana. “Within 3 hours, more than 100 new deposits were made to this wallet from various addresses, most with ties to SBF’s defunct Alameda Research hedge fund.The analyst continues:
In less than 4 hours, 570 ethereum worth approximately $684,000 was transferred from this new wallet, to various destinations. The funds were sent to a Seychelles-based no-KYC exchange and to the Bitcoin network via the Ren Protocol network, an Alameda-funded bridge. Maybe SEC lawyers would like to know about this?
The address in question is the following ethereum address “which received an additional $1 million from 11 Alameda Research-branded wallets“said Bowtiediguana. “5 separate transactions of 51 ETH were used to transfer funds to newly created wallets and then to a Seychelles-based exchange. 3 tranches of 200K USDT were also sent from the SBF-linked wallet to the Fixedfloat exchange“, adds the analyst.
I emailed it to them.
— JW Verret, JD, CPA/CVA 🗡 🛡 🏴 (@JWVerret) December 30, 2022
Bowtiediguana’s thread shows that an individual decided to send an email to information to the United States Securities and Exchange Commission (SEC) on the latest onchain movements. Others tagged the US regulator in the Twitter thread and said:: “@secgov you gave [SBF] 2 long of a leash sires. plz address this criminal.“It is unconfirmed at this time who actually moved the funds, but many speculate it was SBF.
Since SBF’s arrest and subsequent release, funds related to FTX and Alameda have been transferred, and the transfers have been spotted by onchain detectives. Funds linked to Alameda were transferred two days ago and would have been sent to Fixedfloat and Changenow, then converted into euros. In another instance, an Alameda-branded wallet sent 11.37 wrapped bitcoins (WBTC) to a wallet after withdrawing them from Aave on December 29.
On the same day, another Alameda-branded wallet sent 22,500 USDC on December 29. Both of these transactions took place the day after a large amount of Alameda-linked ERC20 tokens moved on Wednesday, December 28.