{"id":16024,"date":"2022-12-30T11:26:44","date_gmt":"2022-12-30T11:26:44","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail\/"},"modified":"2022-12-30T11:26:47","modified_gmt":"2022-12-30T11:26:47","slug":"ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail\/","title":{"rendered":"FTX founder reportedly cashes out $684K after being released on bail"},"content":{"rendered":"<p><\/p>\n<div data-v-02fa634a=\"\">\n<p>FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail, on-chain data suggests.<\/p>\n<p>SBF has cashed out $684,000 in crypto to an exchange in Seychelles while being under house arrest, according to the on-chain investigation by DeFi educator BowTiedIguana.<\/p>\n<p>Decentralized finance (DeFi) analyst BowTiedIguana took to Twitter on Dec. 29 to <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/BowTiedIguana\/status\/1608653434387050496?s=20&amp;t=IeyqX-ujOG7DejCjRChE1A\" target=\"_blank\">report<\/a> on a series of obfuscated wallet transactions allegedly linked to SBF, suggesting that the former FTX CEO could have violated release conditions to not spend more than $1,000 without permission from the court.<\/p>\n<p>According to BowTiedIguana\u2019s analysis, SBF\u2019s public address (0xD5758) on Dec. 28 sent all remaining Ether (ETH) to a newly created address (0x7386d).\u00a0BowTiedIguana noted that SBF took over the address that was originally owned by Sushiswap creator from Chef Nomi in August 2020.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">When SBF agreed to take over control of the Sushiswap exchange from anonymous founder Chef Nomi in August 2020, he asked for ownership to be transferred to his Ethereum addresshttps:\/\/t.co\/nE9z9tLd2n <a rel=\"nofollow\" href=\"https:\/\/t.co\/vask9WqSHd\">pic.twitter.com\/vask9WqSHd<\/a><\/p>\n<p>\u2014 BowTiedIguana (@BowTiedIguana) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/BowTiedIguana\/status\/1608653437784453122?ref_src=twsrc%5Etfw\">December 30, 2022<\/a><\/p><\/blockquote>\n<p>Within hours, 0x7386d\u00a0received transfers totaling $367,000 from 32 addresses identified as Alameda Research wallets, with an additional $322,000 coming from other wallets. All funds were sent to a centralized crypto exchange in Seychelles and to the crypto bridge RenBridge, according to the DeFi analyst.<\/p>\n<p><strong><em>Related:\u00a0SBF met with Biden\u2019s senior advisers 2 months before FTX\u2019s collapse: Report<\/em><\/strong><\/p>\n<p>0x7386d\u00a0sent a total of 519.5 Ether (ETH), or around $629,000, to 0x64e9B, which also received funds from addresses labeled as Alameda Research. BowTiedIguana also identified five separate transactions of less than 51 ETH ($61,000) that were used to move funds to newly created wallets and then \u201conwards to a Seychelles-based exchange.\u201d<\/p>\n<p>Additionally, the SBF-linked wallet 0x64e9B sent three tranches of 200,000 Tether (USDT) to the FixedFloat exchange.<\/p>\n<p><em>This article is developing and will be updated.<\/em><\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail, on-chain data suggests. SBF has cashed out $684,000 in crypto to an exchange in Seychelles while being under house arrest, according to the on-chain investigation by DeFi educator BowTiedIguana. Decentralized finance (DeFi) analyst BowTiedIguana took to Twitter [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-16024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FTX founder reportedly cashes out $684K after being released on bail | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTX founder reportedly cashes out $684K after being released on bail | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail, on-chain data suggests. SBF has cashed out $684,000 in crypto to an exchange in Seychelles while being under house arrest, according to the on-chain investigation by DeFi educator BowTiedIguana. Decentralized finance (DeFi) analyst BowTiedIguana took to Twitter [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/crypto\/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-30T11:26:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-30T11:26:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/12\/a02c2201-704b-4b1c-a991-9c316de5a518.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"FTX founder reportedly cashes out $684K after being released on bail\",\"datePublished\":\"2022-12-30T11:26:44+00:00\",\"dateModified\":\"2022-12-30T11:26:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail\/\"},\"wordCount\":321,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/12\/a02c2201-704b-4b1c-a991-9c316de5a518.jpg\",\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/crypto\/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail\/\",\"name\":\"FTX founder reportedly cashes out $684K after being released on bail | NFT &amp; 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