What does Alameda Research play? $1.7 million worth of tokens sent to mixers
Although Alameda Research is under Chapter 11 bankruptcy law in the United States, on-chain analysts have noticed that around 30 addresses affiliated with the company have sold and sent tokens in mixers. cryptocurrencies for $1.7 million.
Alameda Research sells tokens to send to mixers
While Alameda Research is believed to be placed under Chapter 11 of the United States bankruptcy law, several attentive on-chain analysts noted token sales on some of his addresses, all sent to mixers.
The details of these movements were notably relayed by the Arkham Intelligence Twitter account, which was published in a thread detailed movements on all the addresses concerned :
Sharp-eyed users may have noticed a number of interesting movements in Alameda wallets over the past 24 hours.
These wallets had been dormant for several weeks before “waking up” last night.
Over $1 million has been sent through crypto mixers by Alameda wallets.
Which give?
👇 pic.twitter.com/rUbqCMPjNX—Arkham | Crypto Intelligence (@ArkhamIntel) December 28, 2022
Thereby, at least thirty addresses have been identifiedthese having “woken up” at the same time in the last 24 hours after a period of inactivity since December 1st.
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Is it the work of Sam Bankman-Fried or of a liquidator?
Arkham Intelligence observes that the holdings of these addresses were sold against ETH, USDT or renBTC, for a total of approximately $1.7 million. Finally, these funds have been mixed to anonymize them thanks to different services:
- 270.5 ETH, or $325,000, via ChangeNOW;
- 800,000 USDT via FixedFloat;
- $200,000 of renBTC with Curve SynthSwap to access the Bitcoin (BTC) network;
- $200,000 via various mixing services.
The use of mixing services makes Arkham Intelligence say that they are unlikely to be court-ordered liquidators. If this reflection is founded, it is therefore a question of knowing who is behind these movements.
Whereas Sam Bankman-Fried was released on bail last weekspeculations might point in his direction, but it’s hard to say anything with certaintyadding an extra layer of blur to all events that surround FTX.
The thing is, now that Alameda Research is bankrupt, any financial decision must be approved in advance. Justice could then seize the case, if it is not at the origin of these transactions.
👉 Also in the news – FTX contagion: the DeFi platform Midas closes its doors
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