Connected with FTX Alameda Research30 cryptocurrency wallets linked to began to move. Wallets traded on Dec. 28 after nearly four weeks of inactivity. Wallets mixed and exchanged $1.7 million in assets via the crypto mixing service.
Crypto mixers are often used by malicious people and criminals in the market to hide the history of transactions. Mixers prevent the main source of funds from being scrutinized.
As we know as Koinfinans.com, Alameda traded in wallets after Sam Bankman-Fried was released on bail. The fact that the movement coincided with the same time aroused suspicion. As a matter of fact, subsequent reports revealed that the actions taken were quite planned.
According to data shared by Arkham, the first funds transfer started with the use of mixer for ETH/USDT exchange. The majority of these transfers were traced back to the two main wallets starting with 0xe5D and 0x971.
The tokens in the Alameda wallet were first sent to an address starting with 0x738 and then to 0x64e. This 0x64e wallet then split ETH and sent it to smaller wallets, usually $200,000 and $50,000. Assets were then sent to mixers like Fixedfloat and ChangeNOW.
Another wallet was used for stablecoin exchange. In this transaction, wallet assets are first converted to USDT and then sent to Fixedfloat. A total of 800,000 USDT was exchanged using mixers, while another 400,000 USDT was transferred using other methods. Additionally, 200,000 USDT worth of stablecoins were sent to the BTC network using renBTC.
In total, $1.7 million worth of funds were exchanged and sent through various mixing services as follows:
- 270.5 ETH (~$325,000) via ChangeNOW
- 800,000 USDT via Fixedfloat
- 200,000 USDT (to local BTC) via Curve SynthSwap
- 200,000 USDT via Airswap
- 200,000 USDT via other crypto mixing services
Transfer of funds in Alameda wallet through mixers cryptocurrency It’s been talked about a lot in the community. While many have questioned the timing of fund transfers, others point to the use of mixing services and the authorities’ inability to prevent such a thing even though the matter is in the lower court.