Alameda Wallet Receives Nearly $8.5M In Cryptocurrency From One Of The Biggest Exchanges

After the collapse of the FTX, there was a great deal of turmoil in the crypto space after which most cryptocurrencies, as well as crypto firms, plummeted in value. In this period of time, Bitcoin and other large cap cryptocurrencies hit a low of around $15,000 area along with other cryptocurrencies that hit a low of $15,000 at the time. A criminal investigation is still going on and Sam Bankman-Fried, who founded the company, is claiming that he is not guilty of any such charges.

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A blockchain security company, PeckShield Alert, has cautioned against spotting money transfers into the Alameda connected wallet that have been made in the wake of the latest updates. The company stated in a Twitter post that there has been a transfer of approximately $13 million to an unknown wallet that is associated with Alameda Research. An FTX exchange that has been bankrupted by the financial crisis owes its origins to a trading platform called Alameda Research.

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$13M Crypto Funds Received by Alameda Research Wallet

According to the Tweet, this $13 million transfer was made via three cryptocurrencies which are ETH, USDT, and USDC, as stated in the Tweet. A total of over 6 million USDT and 1,545 Ethereum (amounting to over $2.5 million) were moved from Bitfinex exchange, of which over 6 million USDT and 1,545 Ethereum were transferred. An additional 4.6 million USDC was also sent from an unidentified wallet having an address ending in -0x7889, which had an address ending in a dollar symbol.

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In spite of this, PeckShield is still trying to figure out the source of the anonymous sender of 4.6 million USDC as well as the reason behind Bitfinex moving nearly $8.5 million worth of crypto to its platform. Further, the consolidated wallet was able to receive another $65,000 worth of LDO tokens that had been transferred from another Alameda wallet.

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Sam Bankman-Fried, the defendant in Sam Bankman-Fried's $250 million bail case, has been ordered by US District Judge Lewis Kaplan to reveal the names of his guarantors as part of his bail release hearing. The court filings indicate that Judge Kaplan has approved the joint petition filed by eight media firms that asked for the two people involved in the bail case to be made public as per the request of the media firms. The eight media companies listed above also include the Financial Times, the Reuters News Agency and Bloomberg News.

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Based on the speculations, Shark Tank's John O'Leary and American billionaire investor Bill Ackman are two of the people who played a role in Sam Bankman-Fried's $250 million bail. SBF's lawyers are expected to provide the names of the defendants to the Court by the 7th of February 2023, according to the Judge's statement.