Alameda Research Liquidators Rules Out Funneling $1.7M through Crypto Mixers
The detailed analysis of funds transferred from Alameda Research’s wallets rules out the involvement of liquidators in the outbound transactions. The assessment shows that the perpetrator relied on mixing tools to conceal transaction paths extensively.
Is Bankman Involved in the Mysterious Movement of Funds?
The analysis shows 30 crypto wallets connected with Alameda Research involved in the active swapping of funds on December 28, ending their four-week inactivity. The preliminary assessment revealed that the perpetrator initiated swaps and mixing of crypto assets estimated at $1.7 million. The utilization of crypto-mixing platforms imitates the approach utilized by exploiters to erase the transaction trails. In particular, the crypto-mixing services eliminate the traceability of the funds from their source.
The mysterious movement of funds and swapping of crypto assets witnessed in the Alameda Research wallets triggers suspicion of Bankman-Fried’s involvement following his release on bail. Crypto users have wondered why the individual is deploying an exploiter-like approach to conceal the transaction routes.
The data analysis by the crypto forensic firm Arkham shows that the initial transfer involved swapping trapped tokens into Ether (ETH) and Tether (USDT). Primarily the culprit targeted two critical wallets with 0xe5D and 0x971 prefixes.
Breakdown of the Concealed Transfers
Arkham noted that the individual moved the tokens to 0x738 and later 0x64e. The trail shows the culprit split the tokens held in the 0x64e wallet and remitted them into various walters in batches of $50000 and $200000. The perpetrator then moved the funds to Fixedfloat and ChangeNow.
Arkham noted that the mysterious movement of funds was observable in another wallet holding cryptos. The activity detected in the wallet featured swapping stablecoins into USDT. Arkham observed an outbound transaction of USDT destined for the Fixedfloat. The analysis shows the culprit swapped $800000 via mixers while 400000 used different channels. Arkham pointed out that renBTC facilitated the 200000 USDT and was destined for the BTC network.
Liquidators Did not Move the Funds
With a total of $1.7 million in funds moved in the last 24 hours, the timing of the transfer raises animosity among customers whose digital wealth was trapped within the collapsed FTX affiliate firm.
The majority questions the timing and reliance on crypto mixers to erase the transactions trail. Arkham’s findings support the view that liquidators could not oversee the concealed movement of funds making the authorities unable to stop the remittance.
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