Data Shows Almeida Research Swapping Altcoins for Bitcoin (BTC) Using Mixer

Alameda Research, the bankrupt crypto trading firm, is swapping Ethereum-based digital assets for Bitcoin (BTC). According to on-chain analyst Miles Deutscher, Alameda Research’s wallet is active “again” because disgraced FTX boss, Sam Bankman-Fried (SBF), is “back home”.

According to a source, Martin Lee, a data journalist at on-chain data provider Nansen, claims that Almeida is sending funds to “new wallets” and then to two cryptos. mixer – FixedFloat and ChangeNow – For instant swaps when trying to “hide your tracks”.

The data shows that ERC-20 tokens are being swapped for BTC and sent to four new wallet addresses. According to on-chain analyst ZachXBT, Almeida converted the chunk of altcoins – around $800,000 – to roughly 47.62882 BTC.

movements come as new evidence shows that SBF—freed on a $250 million bond deal—borrowed approximately $546 million from Alameda to buy Robinhood shares.

Some Twitter users are furious because Almeida’s account is dumping altcoins. An account with the handle “magicmurph” trolls the disgraced FTX CEO, saying that SBF will need to “pay the bail”.

Alameda has been using crypto mixers, while last month, the US Treasury Department banned Tornado Cash — a popular virtual currency mixer — citing illegal use in North Korea.

In addition, the department claimed that North Korean hackers, the Lazarus Group, laundered approximately $455 million worth of cryptocurrencies with the platform.

Follow us on Google News

#Data #Shows #Almeida #Research #Swapping #Altcoins #Bitcoin #BTC #Mixer



Leave a Reply

Your email address will not be published. Required fields are marked *