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.
Roughly a week ago on Dec. 28, 2022, onchain investigators discovered 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: “None of these are me. I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.” He was immediately bombarded with questions when he tweeted on Dec. 30. “How is an address that you identified as yours moving funds then?” asked Cobie, a crypto proponent and host of Uponly.
“I believe it is likely the case that various legit legs of FTX have the ability to access these funds; hopefully that’s what’s happening here,” SBF added. “If not, hopefully one steps in soon to do so. I would be happy to help advise regulators on this if any wanted.”
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, BTCB, WBTC, SPELL, PTP, MDX, and more.
“SBF (or someone with access to his wallets) most likely transferred $10s of millions in previously unreported transactions across Avalanche, BSC, Arbitrum, and Polygon blockchains,” Grogan tweeted. 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 work across other EVM chains,” Grogan added.
In addition to Grogan’s tweets, the onchain researcher Ergo tweeted about some FTX-linked bitcoin movements on Jan. 4, 2023. “Likely bankruptcy team activity,” Ergo said. “ETH tx resets WBTC deposit address, different from the FTX/FTXUS sweep … Segregating FTX and Alameda assets? Address holds 502 BTC sourced from Deribit withdrawals.” At the time of writing, after the initial 502 BTC, the address now has a balance of approximately 3,499 BTC.
Furthermore, following Ergo’s tweet, the researcher also shared a tweet that showed funds were sent to a Wasabi wallet. “Bankruptcy team still not disclosing their addresses,” Ergo said. “But more onchain evidence that the instant swapper addresses are not behaving the same as the ‘legit legs of FTX.'”
Do you have an opinion on the mysterious FTX and Alameda-linked token movements? Share your thoughts with us in the comments section below.
Jamie 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.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
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.
Roughly a week ago on Dec. 28, 2022, onchain investigators discovered 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: “None of these are me. I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.” He was immediately bombarded with questions when he tweeted on Dec. 30. “How is an address that you identified as yours moving funds then?” asked Cobie, a crypto proponent and host of Uponly.
“I believe it is likely the case that various legit legs of FTX have the ability to access these funds; hopefully that’s what’s happening here,” SBF added. “If not, hopefully one steps in soon to do so. I would be happy to help advise regulators on this if any wanted.”
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, BTCB, WBTC, SPELL, PTP, MDX, and more.
“SBF (or someone with access to his wallets) most likely transferred $10s of millions in previously unreported transactions across Avalanche, BSC, Arbitrum, and Polygon blockchains,” Grogan tweeted. 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 work across other EVM chains,” Grogan added.
In addition to Grogan’s tweets, the onchain researcher Ergo tweeted about some FTX-linked bitcoin movements on Jan. 4, 2023. “Likely bankruptcy team activity,” Ergo said. “ETH tx resets WBTC deposit address, different from the FTX/FTXUS sweep … Segregating FTX and Alameda assets? Address holds 502 BTC sourced from Deribit withdrawals.” At the time of writing, after the initial 502 BTC, the address now has a balance of approximately 3,499 BTC.
Furthermore, following Ergo’s tweet, the researcher also shared a tweet that showed funds were sent to a Wasabi wallet. “Bankruptcy team still not disclosing their addresses,” Ergo said. “But more onchain evidence that the instant swapper addresses are not behaving the same as the ‘legit legs of FTX.'”
Do you have an opinion on the mysterious FTX and Alameda-linked token movements? Share your thoughts with us in the comments section below.
Jamie 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.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
Dogecoin raced to a multi-week high on Jan. 5, as meme coins rose higher following recent days of consolidation. The coin climbed for a second straight session on Thursday, which comes ahead of Friday’s U.S. nonfarm payrolls numbers. Shiba inu was also in the green, after today’s gains.
Dogecoin (DOGE) rose for a second straight session on Thursday, as the meme coin moved away from a recent spell of consolidation.
Following a low of $0.07181 on Wednesday, DOGE/USD climbed to an intraday peak of $0.07503 earlier today.
The move took the token to its highest point since December 27, when price was in the midst of a prolonged sell-off.
Since then dogecoin bulls seemed to have returned to action, which coincides with traders finally returning from recent Christmas and New Year’s celebrations.
As can be seen from the chart, the rise in price also comes as the 14-day relative strength index (RSI) has marginally broken out of a key resistance zone.
The index is currently tracking at 42.81, which is slightly above a ceiling of 42.00
Another notable gainer on Thursday was fellow meme coin shiba inu (SHIB), which also rose for a back-to-back session.
SHIB/USD surged to a peak of $0.000008531 earlier today, after falling to a bottom at $0.000008171 on Wednesday.
Thursday’s spike in price sent shiba inu to its strongest point since December 18, prior to the holiday season consolidation.
Looking at the chart, today’s move also saw SHIB break out of a recent point of resistance at $0.00000850, with the RSI also following suit.
Price strength surged past its own ceiling at the 50.00 level, and is currently tracking at 51.63.
Despite this sign of bullish sentiment, the next visible ceiling is close, at 53.00, which could lead to earlier bulls opting to secure gains, and close positions.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect this rally in meme coins to continue this week? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
Dogecoin raced to a multi-week high on Jan. 5, as meme coins rose higher following recent days of consolidation. The coin climbed for a second straight session on Thursday, which comes ahead of Friday’s U.S. nonfarm payrolls numbers. Shiba inu was also in the green, after today’s gains.
Dogecoin (DOGE) rose for a second straight session on Thursday, as the meme coin moved away from a recent spell of consolidation.
Following a low of $0.07181 on Wednesday, DOGE/USD climbed to an intraday peak of $0.07503 earlier today.
The move took the token to its highest point since December 27, when price was in the midst of a prolonged sell-off.
Since then dogecoin bulls seemed to have returned to action, which coincides with traders finally returning from recent Christmas and New Year’s celebrations.
As can be seen from the chart, the rise in price also comes as the 14-day relative strength index (RSI) has marginally broken out of a key resistance zone.
The index is currently tracking at 42.81, which is slightly above a ceiling of 42.00
Another notable gainer on Thursday was fellow meme coin shiba inu (SHIB), which also rose for a back-to-back session.
SHIB/USD surged to a peak of $0.000008531 earlier today, after falling to a bottom at $0.000008171 on Wednesday.
Thursday’s spike in price sent shiba inu to its strongest point since December 18, prior to the holiday season consolidation.
Looking at the chart, today’s move also saw SHIB break out of a recent point of resistance at $0.00000850, with the RSI also following suit.
Price strength surged past its own ceiling at the 50.00 level, and is currently tracking at 51.63.
Despite this sign of bullish sentiment, the next visible ceiling is close, at 53.00, which could lead to earlier bulls opting to secure gains, and close positions.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect this rally in meme coins to continue this week? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
PRESS RELEASE. The DeFi product has also earned 150k+ wallet creations and got increasingly popular for its suite of cutting-edge features, including web3 usernames, swapping, multi chaining, and others.
Meaningful products always find their way regardless of the rumoured sentiments. Here’s AnCrypto, a DeFi wallet that is addressing various key issues in existing products and garnered stupendous responses from users in 100+ countries.
Launched in December 2022, the wallet already has 100k+ downloads on Google Play Store even though the iOS launch is due for a launch.
AnCrypto is a decentralized wallet that provides users with a secure, user-friendly platform for managing their cryptocurrency assets. With advanced encryption and no private key storage, the wallet gives users complete control over their funds.
AnCrypto is not only secure but also user-friendly, with an intuitive interface and customizable options for advanced users. Its design makes it accessible to everyone.
The wallet makes crypto finance accessible and easy for all types of users. The wallet upholds the belief that all users have the right to control and invest their money, regardless of any remittance regulations. Its focus on accessibility is a key strength of the platform.
AnCrypto is World’s first chat & pay crypto wallet
While the wallet supports transfers through multiple such as wallet addresses, QR-codes and others, the chat & pay attracted viral response.
The chat & pay feature enables users to easily send and receive crypto while chatting in the same window, providing a more convenient alternative to traditional wallet-address transfers.
Chat & Pay allows users to quickly get confirmation of transactions and track their transactional history. The feature is currently available on 9+ chains and will be extended to include more chains in future updates.
This is a great improvement over the conventional methods wherein the users had to memorize lengthy and complex wallet addresses.
While we are at it, the QR Code money transfers allow users to scan a code to initiate a payment. This is particularly useful for in-person transactions, such as paying for goods at a physical store.
150k + wallet creations and 1 Million transactions
One of the key features that make Chat & Pay user-friendly is the use of exclusive web3 usernames. In the past, the crypto industry has struggled with the problem of users having to remember complex wallet addresses as identifiers.
Long alphanumeric names were prone to errors, leading to money being mistakenly sent to the wrong addresses.
With usernames, AnCrypto users can simply type in a name and conduct transactions in the same window, eliminating this issue.
Exactly why, the wallet went viral right after its launch and as we discuss, there are more than 150k wallets created across accounts.
Integrates Blockchain Bridging for multichain transactions
AnCrypto supports transactions in 9 tokens and integrates blockchain bridges to facilitate cross-chain transactions. As the number of public chains increases, many users may prefer the convenience of a multi-chain experience, which allows them to avoid the need to download and maintain multiple single-chain wallets.
AnCrypto Bridge allows users to easily transfer assets from one chain to another. This means that users can store their wealth on multiple blockchains and use AnCrypto to access this active user base by expanding its utility to as many networks as possible.
Preparing for an exciting 2023
In the pursuit of making crypto finance accessible to everyone, products like AnCrypto are significantly instrumental. Going forward, the team expects the iOS launch sooner followed by more interesting features in upcoming releases.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Source From : News