FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail, on-chain data suggests.
Decentralized finance (DeFi) analyst BowTiedIguana took to Twitter on Dec. 29 to report on a series of obfuscated wallet transactions allegedly linked to SBF, suggesting that the former FTX CEO could have violated release conditions to not spend more than $1,000 without permission from the court.
0x7386d sent a total of 519.5 Ether (ETH), or around $629,000, to 0x64e9B, which also received funds from addresses labeled as Alameda Research.
“I don't know that this necessarily qualifies as ‘spending’ money.
I was called in and I’m trying my best to do what’s right for it.
And I’m not the only one who feels that way.
Source: Cointelegraph