Key Points:
In the tweet, he said he was not responsible for cash that appeared to have been transferred from Alameda Research addresses after he obtained bail.
None of these are me. I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.
According to on-chain data, Ethereum wallet addresses affiliated with the defunct trading company Alameda Research exchanged multiple crypto tokens for ether and USDT on Wednesday before switching to bitcoin. The Alameda-linked wallets traded Lido, Polygon, Uniswap, and other tokens for ether and USDT before bridging to the Bitcoin network, according to Etherscan transaction data.
As Coincu reported on December 23, Mr Bankman-Fried was awarded a $250 million bail after the hearing. The bond was secured by the parent’s Palo Alto house, where the defendant would reside, and was signed by the defendant, his parents, and a non-family person.
Two days ago, Coincu indicated that Bankman-Fried was charged with two counts of wire fraud and six counts of conspiracy, including money laundering and campaign finance violations, and could face decades in prison if convicted, wherein, Bankman-Fried admitted to risk management failures at FTX. However, the founder of FTX solidly protested that he did not participate in fraudulent activities and would not be held criminally responsible.
Additionally, The Wall Street Journal also reported that Bankman-Fried is expected to plead not guilty to eight charges of fraud at a hearing next week.
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