Not long after he was freed on a $250 million bail, Sam Bankman-Fried, the criminal former chief executive officer of the FTX exchange, has said that he did not move any monies that were associated with Alameda wallets.
In his words:
“I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.”
He also said that he feels it is likely the case that several legitimate legs of FTX have the capacity to access these assets; ideally, this is what is occurring here. If not, he hopes that one will step in to do so very soon. SBF said that he would be pleased to assist regulators in this matter if they want his assistance and advice.
Formerly worth $24 billion, the founder has recently revealed he has less than $100,000 in the bank and is concerned about how he will pay his legal fees.
Moving on. There were reports, before his explanation, that a wallet address that began with 0x64e9 had received almost 600 ETH from wallets that belonged to Alameda. His response addressed these claims.
According to the records of transactions that were stored on the chain, a portion of the money was converted to USDT while the remaining portion of the transaction was transferred to a mixing service.
Furthermore, federal prosecutors are conducting an investigation into these cryptocurrency transactions in an effort to determine who is in control of the assets in issue.
A number of people in the cryptocurrency community have formed the opinion that the theft may have been carried out by an insider due to the way in which the monies were transferred. Some people had the suspicion that SBF was responsible for it.
