{"id":16147,"date":"2023-01-05T17:49:49","date_gmt":"2023-01-05T17:49:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/unreported-transactions-linked-to-disgraced-ftx-co-founder-revealed-by-onchain-investigation-bitcoin-news\/"},"modified":"2023-01-05T17:49:49","modified_gmt":"2023-01-05T17:49:49","slug":"unreported-transactions-linked-to-disgraced-ftx-co-founder-revealed-by-onchain-investigation-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/unreported-transactions-linked-to-disgraced-ftx-co-founder-revealed-by-onchain-investigation-bitcoin-news\/","title":{"rendered":"Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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According to onchain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously unreported transactions across various blockchains. The transfers were discovered by Conor Grogan, a director at Coinbase, and while most of the transactions took place on Dec. 28, there was some recent activity in the first few days of the new year.<\/strong><\/p>\n

Onchain Discoveries Uncover Suspected Unreported Transactions Associated With SBF, FTX, and Alameda<\/h2>\n

Roughly a week ago on Dec. 28, 2022, onchain investigators discovered<\/a> that a number of funds linked to FTX and Alameda Research wallets moved while Sam Bankman-Fried, the former CEO of FTX, was on house arrest. Two days after the funds moved, Bankman-Fried tweeted<\/a>: \u201cNone of these are me. I\u2019m not and couldn\u2019t be moving any of those funds; I don\u2019t have access to them anymore.\u201d He was immediately bombarded with questions when he tweeted on Dec. 30. \u201cHow is an address that you identified as yours moving funds then?\u201d asked<\/a> Cobie, a crypto proponent and host of Uponly.<\/p>\n

\u201cI believe it is likely the case that various legit legs of FTX have the ability to access these funds; hopefully that\u2019s what\u2019s happening here,\u201d SBF added<\/a>. \u201cIf not, hopefully one steps in soon to do so. I would be happy to help advise regulators on this if any wanted.\u201d<\/p>\n

A week after the onchain sleuths discovered the movement of FTX and Alameda-linked addresses, Conor Grogan, a director at Coinbase who frequently tweets about onchain activity, uncovered a large number of SBF-linked tokens that were moved across various blockchains. The movements took place on blockchains such as Polygon, Binance Smart Chain (BSC), Arbitrum, and Avalanche. The addresses saw outbound movements for coins such as MATIC, AVAX, USDC, USDT<\/a>, BTCB, WBTC, SPELL, PTP, MDX, and more.<\/p>\n

\u201cSBF (or someone with access to his wallets) most likely transferred $10s of millions in previously unreported transactions across Avalanche, BSC, Arbitrum, and Polygon blockchains,\u201d Grogan tweeted<\/a>. There was also recent activity on 1\/02 and 1\/03 [and] I found a receiving wallet with $30+ million. I went through each address linked to SBF and checked other blockchains. Private keys for ETH<\/a> work across other EVM chains,\u201d Grogan added.<\/p>\n

In addition to Grogan\u2019s tweets, the onchain researcher Ergo tweeted<\/a> about some FTX-linked bitcoin movements on Jan. 4, 2023. \u201cLikely bankruptcy team activity,\u201d Ergo said. \u201cETH<\/a> tx resets WBTC deposit address, different from the FTX\/FTXUS sweep \u2026 Segregating FTX and Alameda assets? Address holds 502 BTC<\/a> sourced from Deribit withdrawals.\u201d At the time of writing, after the initial 502 BTC<\/a>, the address now has a balance of approximately 3,499 BTC<\/a>.<\/p>\n

Furthermore, following Ergo\u2019s tweet, the researcher also shared a tweet that showed funds were sent<\/a> to a Wasabi wallet. \u201cBankruptcy team still not disclosing their addresses,\u201d Ergo said<\/a>. \u201cBut more onchain evidence that the instant swapper addresses are not behaving the same as the \u2018legit legs of FTX.’\u201d<\/p>\n

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‘legit legs’<\/a>, address<\/a>, Arbitrum<\/a>, Avalanche<\/a>, AVAX<\/a>, bankruptcy team<\/a>, Binance Smart Chain<\/a>, Bitcoin<\/a>, blockchains<\/a>, BSC<\/a>, BTCB<\/a>, co-founder<\/a>, Conor Grogan<\/a>, Crypto<\/a>, Deribit withdrawals<\/a>, ETH<\/a>, ETH tx<\/a>, EVM chains<\/a>, ftx<\/a>, Funds<\/a>, House arrest<\/a>, instant swapper<\/a>, matic<\/a>, MDX<\/a>, Onchain Research<\/a>, outbound movements<\/a>, Polygon<\/a>, Polygon blockchains<\/a>, private keys<\/a>, PTP<\/a>, receiving wallet<\/a>, Regulators<\/a>, Sam Bankman-Fried<\/a>, SPELL<\/a>, Tokens<\/a>, transactions<\/a>, USDC<\/a>, USDT<\/a>, Wallets<\/a>, Wasabi Wallet<\/a>, WBTC<\/a>, wBTC deposit<\/a><\/div>\n<\/div>\n

Do you have an opinion on the mysterious FTX and Alameda-linked token movements? Share your thoughts with us in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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