Sam Bankman-Fried Transferred $684,000 To New Crypto Exchange While Under Arrest

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Arman Shirinyan

SBF actively moves his assets despite his arrest

The CEO of failed cryptocurrency exchange FTX transfers funds from his personal wallets to various cryptocurrency exchange platforms, and his previous post was confirmation of wallet ownership, which brings us to an unpleasant conclusion: SBF could be preparing for a race.

In August 2020, SBF agreed to take back control of Chef Nomi’s Sushiswap exchange. Some conspiracy theorists speculated that SBF himself was the co-founder of Sushiswap. The same wallet used to receive the property was recently used to transfer funds.

okay uh 0xD57581D9e42E9032e6f60422fA619b4A4574Ba79 https://t.co/rsoBkYPHGo

SBF (@SBF_FTX) September 6, 2020

After being released, SBF sent all of its remaining crypto tokens to a new Ethereum address it had created hours earlier. In less than three hours, more than 100 deposits were made to numerous addresses that have some connection to SBF’s Alameda Research.

Recently, 570 Ethereum worth around $700,000 was transferred to various destinations, including a Seychelles-based KYC-free exchange and to the Bitcoin network via the bridge. Such operations have already been considered suspicious because they could hint at an unpleasant fact: SBF is preparing to operate.

Anonymous on-chain sleuths have even decided to share the data with prosecutors’ attorneys, as SBF’s actions at this time show that its intentions to work with the Crown and in the interests of FTX clients could be misleading.

It is possible that SBF and its counterparts will go through the liquidation process even if the actions on the chain do not look like this. It is not yet known whether his accounts are controlled by SBF itself or by third parties, which would explain the current behavior of the entrepreneur.

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