Alameda-linked Wallet Suspicious Transactions Appears Again

Key Points:

• The liquidators were probably responsible for the second batch of transactions from wallets connected to Alameda.
• The more recent trades happened after cryptocurrency wallets connected to Alameda Research, the trading division of the cryptocurrency exchange FTX.com based in the Bahamas, started trading again on Wednesday for the first time since December 1.
• A large portion of the assets involved in the initial round of transactions has been transferred to two new wallet addresses that belong to unknown owners.

According to the Blockchain Analytics Company Nansen, the liquidators were probably responsible for the second batch of transactions from wallets connected to Alameda.

The more recent trades happened after crypto wallets connected to Alameda Research, the trading division of the cryptocurrency exchange FTX, started trading again on Wednesday for the first time since December 1.

A large portion of the assets involved in the initial round of transactions has been transferred to two new wallet addresses that belong to unknown individuals.

On Wednesday, Alameda-linked wallets used crypto mixers and quick exchanges to convert several crypto tokens to ETH, USDT, and eventually to Bitcoin.

Then, some of the money was transferred to FixedFloat and ChangeNow, two decentralized exchanges (DEX) and decentralized peer-to-peer finance (DeFi) marketplaces where smart contracts make transactions possible. These two services don’t require user registration and advertise themselves as rapid and private swaps.

According to the crypto intelligence company Arkham, some of the platforms that accepted Alameda payments were cryptocurrency mixers like Tornado Cash, which are more well-liked by hackers.

Together, the two wallets received more than $1.6 million, half of which came from wallets connected to Alameda, while the remaining funds came from unidentified accounts.

A Fixedfloat representative disputed that the business is a crypto mixer. After blocking listing the questionable wallets, ChangeNow said in a statement on Thursday that their compliance team is collaborating with investigations.

According to several cryptocurrency Twitter users, using the two DeFi platforms makes it improbable that these transactions were carried out by authorized liquidators.

Two days after Sam Bankman-Fried, the founder of Alameda and FTX was released on a $250 million bail package following his extradition to the US from the Bahamas last week, strange blockchain activity started to emerge. As he awaits his federal fraud trial, he is currently under house arrest at his parents’ house.

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