Sam Bankman-Fried Transferred $684,000 to New Crypto Exchange, While Under Arrest

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Sam Bankman-Fried Transferred $684,000 to New Crypto Exchange, While Under Arrest
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CEO of failed exchange is operating his personal holdings despite being under arrest

After being released, SBF sent all of its remaining crypto tokens to a new Ethereum address he created hours earlier. In less than three hours, more than 100 deposits were made to numerous addresses that have certain links to SBF's Alameda Research. worth around $700,000 has been transferred to various destinations, including a no-KYC exchange based in the Seychelles and to the Bitcoin network via the bridge.

Such operations have been considered suspicious before as they might hint at an unpleasant fact: SBF is getting ready to run.Anonymous on-chain sleuths even decided to share the data with prosecutors' lawyers, as SBF's actions right now show that his intentions to work with the prosecution and in the interest of FTX clients might be misleading.

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