None of these are me

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After a series of mysterious transfers and token swaps this week from wallets linked to Alameda Research, the trading firm that collapsed in November alongside sister company FTX, founder Sam Bankman-Fried has stepped down. addressed to Twitter to deny his role in the transactions.

None of those are me, Bankman-Fried tweeted today, in connection with a media report on Alameda-related transfers. I am not and could not move these funds; I no longer have access to it.

The denial marked Bankman-Frieds’ first tweet since his Dec. 12 arrest in the Bahamas. He was extradited to the United States last week to face eight charges of fraud by US prosecutors. After his family provided the required security against his $250 million “appearance bond” (the largest on record), he was released to fly to Palo Alto to stay with his parents.

Sam Bankman-Fried expected to plead not guilty to FTX fraud charges

Bankman-Fried is expected to plead not guilty to the charges next week in New York, according to a Wall Street Journal report.

More than $1.7 million worth of cryptocurrency held in wallets linked to Alameda Research has been traded through exchanges and coin mixers and moved this week. Coin mixers are used to obfuscate the movement of crypto funds between wallets, meaning funds are unlikely to be moved by liquidators in bankruptcy proceedings around FTX and Alameda .

The funds are still moving since Friday, as the pseudonymous on-chain sleuth ZachXBT noted that Bitcoin has been moved to Wasabi, the Bitcoin-centric wallet that can aggregate transactions in a bid to hide their origins.

It is currently unclear who, then, is transferring the funds from these wallets, although many crypto watchers have pointed the finger at Bankman-Fried since he is now free at home and clearly able to use the internet. . Although he denied it, many crypto builders, investors, and high-profile figures were quick to respond to his tweet calling him a liar and a scammer.

FTX and Alameda Research filed for bankruptcy in November following a liquidity crunch, billions of dollars in client funds reportedly disappeared from the companies. Alameda reportedly dipped into funds from FTX clients to fill its own holes from trading losses suffered this summer as the crypto market crashed.

Bankman-Fried followed up his initial denial tweet with his own theory: “It’s likely that various legitimate branches of FTX have the ability to access these funds; hopefully that’s what’s happening here.” he declared. “I would be happy to help advise regulators on this, if necessary.”

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