Bloomberg reports that federal prosecutors are investigating some crypto transactions linked to wallets linked to disgraced FTX founder Sam Bankman-Fried (SBF) and his bankrupt crypto trading firm Alameda Research.
As stated therein Report, prosecutors are trying to identify the people behind the transactions. If it is SBF, officials are trying to determine whether the assets belong to him or he is transferring funds without consent. As part of his bail condition, he cannot engage in financial transactions of more than $1,000.
Multiple media reportsCiting on-chain analysts, SPF withdrawn $684K via crypto exchange in Seychelles. A separate report from blockchain analytics firm Arkham Intelligence said several Alameda-linked wallets moved more than $1 million.
SBF denies involvement
However, there is SBF refused He is behind the change. “None of these people are me. I did not and could not move any of those funds; I can no longer access them.
He believes the FTX liquidators are the only ones who can legally access the funds, and if not, someone will soon. He also offered to advise the regulators on any of these if desired.
The founder, who was worth $24 billion earlier this year, recently said he had less than $100,000 in his account and didn’t know how he would pay his lawyers.
Society rejects his explanation
SBF’s denial has confused the crypto community, with many saying he’s lying.
Ryan Wyatt, CEO of Polygon said:
“You lie so much in your tweets that I totally believed it was you even tweeting this. 110 years at Rikers. Nothing less.”
He also said that his bail condition should have been banned from the internet.
Meanwhile, on-chain sleuth asked who had access to ZachXBT wallets. He further pointed out, “wallet Security It was very bad.” He highlighted a portion of the court filing said FTX implemented the unacceptable practice of using an unsecured group email as the root user for access to sensitive data and private keys.
David Gochstein is the founder of Gochstein Media Comment The CFO may have access to the wallet.
Other community members expressed surprise that SBF still had internet access under his bail condition. SBF was Published on $250 million bail last week. The FTX founder was arrested on eight counts of fraud and reportedly plans to plead “not guilty.”
BeInCrypto has reached out to the company or person involved in the story to get an official statement on the latest developments, but has yet to hear back.