Federal Prosecutors Target Disgraced Bankman-Fried CryptoWallets
Key Points:Federal investigators are looking into a number of cryptocurrency transactions that web analysts have linked to Sam Bankman-Fried-related digital wallets.
According to the article, Bankman-Fried may be involved in the transactions. However, the Southern District of New York (SDNY), prosecutors are looking into whether he is simply shifting his assets or cashing them out unpermitted.
Bankman-Fried, the former CEO of the now-defunct cryptocurrency trading platform FTX, claimed in a tweet that he wasn’t involved in the transactions.
Bloomberg News reports that federal authorities are looking into a variety of cryptocurrency transactions that have been connected to digital wallets linked by disgraced crypto tycoon Sam Bankman Fried. According to Bloomberg News, a source familiar with the situation said that the funds appear to be linked to digital wallets that are connected to Bankman-Fried’s former CEO of FTX and Alameda Research. Their total value is more than $1million according to Arkham Intelligence data tracker Arkham Intelligence. After being declared a billionaire earlier, Bankman-Fried claims he still has roughly $100,000 in his bank account.Bankman-Fried stated he was not carrying out the transactions in a tweet on Friday.Last week, Bankman-Fried was granted freedom on a $250 million bail. Bankman-Fried claimed that $372 million worth of tokens were taken from the exchange within hours of FTX filing for bankruptcy. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comCoincuCoincu NewsTags: Alameda ResearchBahamasBankman-Friedcrypto walletsSDNY