Ethereum Mobility in FTX Ex-CEO’s Wallet! Did the SBF Break the Bail Ban?

Arrested in the Bahamas after the bankruptcy of FTX and subsequently extradited to the United States Sam Bankman Fried, former CEO of FTX, He was recently released on bail.

Bailed and under house arrest, SBF was quoted on a Seychelles exchange for $684,000 while he was under house arrest, according to on-chain data. cryptocurrencyconverted it into cash.

A DeFi BowTiedIguana, its analyst, said on Twitter that a series of obfuscated wallet transactions were allegedly linked to SBF.

The analyst also said that the SBF without the court’s permission ‘Not spending more than $1,000’ He claimed that he may have violated the terms of his release.

According to data shared by BowTiedIguana, all remaining at “0xD5758” known as the public address of SBF Ethereum (ETH) sent to the newly created address “0x7386d”.

“Did disgraced crypto founder Sam Bankman-Fried withdraw $684,000 in cash to a Seychelles crypto exchange while under house arrest?

The conditions for his release are that he spends no more than $1,000 without the permission of the court.

After its release, however, SBF’s wallet sent all its remaining coins to a new Ethereum address created an hour ago.

Within 3 hours, more than 100 new deposits were made to this wallet from various addresses, most of them affiliated with SBF’s defunct hedge fund Alameda Research.

In less than 4 hours, 570 ETH worth about $684,000 was transferred from this new wallet to various destinations.

Funds were sent to a Seychelles-based KYC-free exchange and crypto bridge RenBridge.”

Did disgraced crypto founder Sam Bankman-Fried just cash out $684k to a crypto exchange in the Seychelles while under house arrest?

His release conditions are that he not spend more than $1,000 without permission from the court.

Let’s examine the evidence on chain 👇

— BowTiedIguana (@BowTiedIguana) December 30, 2022