SBF denies moving funds from Alameda wallets

The former FTX CEO Sam Bankman-Fried (SBF) has denied moving any funds from Alameda wallets saying he does not have access to them anymore.

Days after being freed on a $250 million bail, Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied shifting money from Alameda wallets.

Fried tweeted his denial of any role in the transfer of money from Alameda wallets to his 1.1 million followers on December 30. None of them are me, he said in response to claims that he may have been in charge of transferring money from Alameda wallets. Since I no longer have access to that money, I am not and cannot move any of them.

SBF tweeted in reaction to a Cointelegraph news article that claimed wallet addresses beginning with 0x64e9 have received more than 600 ETH from wallets belonging to Alameda. On-chain transactional data show that a portion of the money was transferred to USDT while the remainder was transmitted to a mixing service.

The transfer of money and the way it was handled sparked rumors that it may have been an inside job in the cryptocurrency industry. Some believed SBF may be responsible. It was discovered that the Alameda wallet was exchanging ERC-20 token bits for Ether and USDT, which were subsequently routed via instant exchanges and mixers.

During his house imprisonment, SBF allegedly paid out $684,000 in cryptocurrency through a Seychelles exchange, according to an on-chain inquiry by DeFi instructor BowTiedIguana.

On December 29, BowTiedIguana published a report on a slew of purported SBF-related wallet transactions. The transaction records seemed to indicate that the former CEO of FTX may have disregarded the court's order that he not exceed $1,000 in expenditures.