Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation


SBF, FTX, and Alameda transactions unreported by Onchain

It’s likely that various legitimate FTX branches have access to these funds; hopefully that’s what’s happening here,” SBF said. “If not, hopefully one steps in soon to do so. I would be happy to assist regulators with this if needed.”

A week after the onchain sleuths discovered the movement of FTX and Alameda-linked addresses, Conor Grogan, a director at Coinbase who frequently tweets about onchain activity, uncovered the movement of SBF-linked tokens across various blockchains. In addition to Polygon, Binance Smart Chain (BSC), Arbitrum, and Avalanche, the addresses saw outbound movements for MATIC, AVAX, USDC, USDT, BTCB, WBTC, SPELL, PTP, MDX, and more.

SBF (or someone with access to his wallets) likely transferred $10s of millions in previously unreported transactions between Avalanche, BSC, Arbitrum, and Polygon blockchains, Grogan said. As of 1/02 and 1/03, I found a receiving wallet with $30+ million. I went through each address linked to SBF and checked other blockchains. The private keys for Ethereum work across all EVM chains,” Grogan explained.

Aside from Grogan’s tweets, onchain researcher Ergo tweeted about some bitcoin movements linked to FTX on January 4, 2023. “Possibly bankruptcy team activity,” Ergo wrote. “ETH transaction resets WBTC deposit address, different from the FTX/FTXUS sweep… Separating FTX from Alameda assets?” Currently, the address holds 502 BTC derived from Deribit withdrawals.” After the initial 502 BTC, the address now holds approximately 3,499 BTC.

Following Ergo’s tweet, the researcher also shared a tweet that showed funds had been transferred to a Wasabi wallet. “Bankruptcy team still not disclosing their addresses,” Ergo said. “But more evidence onchain that instant swapper addresses do not behave the same as FTX legit legs.”

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