The crypto wallets associated with Alameda Research, FTX’s sister company, were seen transferring funds just days after former CEO Sam Bankman Fried was released on a $250 million bond. The transfer of funds from Alameda wallets piqued the community’s interest, but the manner in which these funds were transferred piqued the community’s interest even more. The Alameda wallet was discovered to be exchanging ERC20 bits for ETH/USDT, and the Ether ETH and USDT were then routed through instant exchangers and mixers. According to on-chain analyst ZachXBT, the Alameda wallet eventually swapped the funds for Bitcoin BTC via decentralised exchanges such as FixedFloat and ChangeNow.
