Although Alameda Research is under Chapter 11 bankruptcy law in the United States, on-chain analysts have noticed that around 30 addresses affiliated with the company have sold and sent tokens in mixers. cryptocurrencies for $1.7 million.
Alameda Research sells tokens to send to mixers
While Alameda Research is believed to be placed under Chapter 11 of the United States bankruptcy law, several attentive on-chain analysts noted token sales on some of his addresses, all sent to mixers.
The details of these movements were notably relayed by the Arkham Intelligence Twitter account, which published a thread detailing the movements on all the addresses concerned :
Sharp-eyed users may have noticed a number of interesting movements from Alameda wallets in the past 24 hours.
These wallets had been inactive for multiple weeks before they ‘woke up’ last night.
Over $1M has been sent through crypto-mixers by Alameda wallets.
What gives?
👇 pic.twitter.com/rUbqCMPjNX— Arkham | Crypto Intelligence (@ArkhamIntel) December 28, 2022
Thereby, at least thirty addresses have been identifiedthese having “woken up” at the same time in the last 24 hours after a period of inactivity since December 1st.
👉 To go further – Learn how to secure and store your cryptocurrencies away from centralized platforms
The best way to secure your cryptocurrencies 🔒
🔥 The world leader in crypto security
👉 Listen to this article and all other crypto news on Spotify
Is it the work of Sam Bankman-Fried or of a liquidator?
Arkham Intelligence observes that the holdings of these addresses were sold for ETH, USDT or renBTC, for a total of approximately $1.7 million. Finally, these funds have been mixed to anonymize them thanks to different services:
- 270.5 ETH, or $325,000, via ChangeNOW;
- 800,000USDT via FixedFloat;
- $200,000 of renBTC with Curve SynthSwap to reach the Bitcoin (BTC) network;
- $200,000 via various mixing services.
The use of mixing services makes Arkham Intelligence say that they are unlikely to be court-ordered liquidators. If this reflection is founded, it is therefore a question of knowing who is behind these movements.
As Sam Bankman-Fried was released on bail last week, speculation could point in his direction, but it’s hard to say anything with certaintyadding an extra layer of blur to all events surrounding FTX.
The thing is, now that Alameda Research is bankrupt, any financial decision must be approved in advance. Justice could then seize the case, if it is not at the origin of these transactions.
👉 Also in the news – Contagion FTX: the DeFi Midas platform closes its doors
Progress in the world of cryptocurrencies with Cryptoast experts 📘
Newsletter 🍞
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
420 items
