• US authorities are planning to investigate suspicious crypto asset transfers from wallets linked to the disgraced founder of FTX and Alameda Research, Sam Bankman-Fried.
• The wallets are said to have moved ERC-20 tokens such as YFI, AAVE, and WETH.
• SBF denied having any access to the said wallets.
The US authorities have reportedly launched an investigation into suspicious crypto asset transfers from wallets linked to Sam Bankman-Fried (SBF), the disgraced founder of FTX and Alameda Research. According to Bloomberg, the authorities plan to examine several wallets that are possibly connected to Bankman-Fried and have moved ERC-20 tokens such as YFI, AAVE, and WETH.
Bankman-Fried is currently on bail under strict rules and living with his parents after being released on a $250 million bond. He has broken his three-week Twitter silence by recently posting a tweet in which he denied having access to the said wallets and any connection to the suspicious transfers. He noted that the investigation might take a while to complete and that he would be ready to cooperate with the authorities.
The news about the investigation came just days after several Alameda wallets (marked as such on Etherscan) started moving ERC-20 tokens and bridging them to Bitcoin. Reports suggested that at least one of the wallets belonged to Bankman-Fried. However, the investigations have yet to confirm these allegations.
The news has been met with a mixed reaction in the crypto community. While some people have praised the US authorities for taking action, others have criticized them for not taking action sooner. Similarly, some have argued that the investigation is a good sign that the authorities are taking crypto fraud seriously, while others have raised concerns about the potential impact on the crypto markets.
The outcome of the investigation is still uncertain, but it is clear that it will have a major impact on the crypto world. It remains to be seen how the investigation will proceed and what the eventual outcome will be, but one thing is certain – the crypto community will be watching it closely.