Wallets linked to Alameda Research, FTX founder Sam Bankman-Fried’s collapsed trading firm, continue to shuffle around crypto funds and are using coin mixers to obscure transactions, blockchain analysts said Thursday.
On Wednesday, the wallets were spotted swapping obscure tokens for Bitcoin and Ethereum—the two largest cryptocurrencies by respective market cap—along with stablecoin Tether. More than $1.7 million worth of crypto was traded, according to Arkham Intelligence data.
Furthermore, some of the funds are being put through coin mixers—apps which anonymize crypto transactions and hide their origins. And that effort to obscure the movement of coins is now continuing today.
Pseudonymous blockchain sleuth ZachXBT said that the Bitcoin was put into Wasabi, a popular wallet that groups Bitcoin transactions together to conceal their origins. It isn’t currently clear who is behind the transactions, but ZachXBT wrote that it is unlikely that a liquidator would use tools like FixedFloat and ChangeNow to rapidly exchange funds.
(By Mat Di Salvo)
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