Sudden Crypto Wallet Transfers Seen In Alameda Research Days After SBF’s Release on $250 Million Bond

Objectivity 4.8 | Credibility 4.8 | Relevance 4.8

Just days after former CEO Sam Bankman-Fried (SBF) of bankrupt FTX was released on a $250 million bond, activity was seen of outgoing funds transfers of crypto wallets associated with sister company, now also bankrupt, Alameda Research.  In the ongoing FTX saga, this activity is concerning for the community as it appears the latest transfer of funds was to grab whatever might be left in those crypto wallets.  The pattern in which these funds are being swapped looks like that of a hacker, but it raises questions of an insider job given SBF’s known criminal past.