After SBF was released on a $250 million bond, funds associated with the bankrupt Alameda started moving on December 30 2022.
Insolvent Alameda wallets move after SBF bond
Alameda’s wallet swapped ETH and the USDT stablecoin through crypto mixers and exchanges. Hundreds of ETH were sent to various wallets that may be associated with Alameda. One wallet, in particular, received over 500 ETH from Alameda before being sent to a centralised crypto exchange called ChangeNow.
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Nobody really knows who’s moving the funds or why. Crypto Twitter speculated that the funds were being used for personal use by former Alameda-FTX employees or by SBF himself.
SBF denied rumours that he was the one behind the movement of Alameda's funds on December 30, 2022, informing Twitter that he no longer has access to wallets associated with Alameda or FTX.
From SBF’s Tweet:
I believe it is likely the case that various legit legs of FTX have the ability to access these funds; hopefully that's what's happening here. If not, hopefully one steps in soon to do so. I would be happy to help advise regulators on this if any wanted.
Some have accused SBF of lying, citing FTX's weak wallet security and SBF's habit of lying to avoid consequences.
Concerned Twitter users who have been tracking the funds took it upon themselves to let prosecutors know of their findings. As reported by Bloomberg, federal prosecutors are currently investigating the dubious transactions.