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Unknown Person Resurrects Alameda Research-Linked Wallets to Transfer Millions of FTT

The news comes after the ex-CEO transferred reportedly withdrew a massive $684,000 USD from cryptocurrency wallets to an offshore account.

Reports have found that Alameda Research-linked wallets reactivated this week to transfer millions in FTX native tokens to several addresses.

Despite filing for Chapter 11 bankruptcy in mid-November, Alameda’s brokenfish.eth wallet address sent roughly $2 million USD in FTT tokens. An unknown source sent the funds from its BentoBox smart contract.

The smart contract is the central vault system for SushiSwap’s ecosystem, which disgraced former FTX chief Sam Bankman-Fried has remained associated with since 2020. Despite SBF’s involvement in the SushiSwap acquisition, he said in September 2020 he had nothing to do with building the platform.

Bankman-Fried later acquired the protocol the same year. Reports also found that his Alameda Research 4 crypto wallet contained over 1 million FTT, totalling around $2.3 million USD.

The news comes after the ex-CEO transferred reportedly withdrew a massive $684,000 USD from cryptocurrency wallets to an offshore account.

On-chain data from BowTieIguana found he had withdrawn the funds, violating his terms of bail which prevent spending more than $1,000 USD without court approval.

No information published in Crypto Intelligence News constitutes financial advice; crypto investments are high-risk and speculative in nature.