Sam Bankman-Fried denies moving funds out of crypto wallets following reports Alameda transferred tokens
"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," Bankman-Fried tweeted.
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- Sam Bankman-Fried denied moving funds out of wallets associated with Alameda Research.
- "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."
- Cointelegraph said wallets associated with Alameda transferred funds just days after he was released on a $250 million bond, raising suspicions in the crypto community.
Sam Bankman-Fried said Friday he wasn't the one who moved funds from several crypto wallets linked to Alameda Research.
"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," Bankman-Fried said on Twitter.
His tweet responded to a story in Cointelegraph that said wallets associated with Alameda transferred funds just days after Bankman-Fried was released on a $250 million bond, raising suspicions in the crypto community.
The report also said several dormant Alameda wallets swapped ether for the stablecoin Tether before moving tokens into mixers.
Several Twitter commentators cited public blockchain data that showed the Alameda wallets ultimately swapped the tokens for bitcoin.
According to data from Arkham Intelligence, Alameda sold roughly $1.7 million worth of cryptocurrencies between Wednesday and Thursday.
"If this was a rogue employee or some kind of breach, it was rather extensive," Arkham tweeted.
The sales come as creditors, customers and suppliers of Bankman-Fried's businesses jockey to be first in line to be paid out in bankruptcy.
Alameda Research currently holds $112 million worth of cryptocurrencies, a decline from $140 million in holdings in November.
Meanwhile, Bankman-Fried is under house arrest in California after being charged with fraud over mishandling client funds in conjunction with the collapse of FTX.
He is slated to appear in a New York federal court on January 3 and has denied criminal liability since stepping down as CEO of FTX last month.