On-chain data released by blockchain analyst Bo Tide Iguana via Twitter on December 30 shows that Sam Bankman-Fried, the founder of FTX Exchange, withdrew $684k from a centralized no-KYC crypto exchange in Seychelles. One of the conditions may have been violated.
Sam Bankman-Fried (SBF)The now-infamous founder of the FTX exchange, barely a week after being released from prison, may have violated some of his bail conditions and is under house arrest after another. $250 million bond.
SBF cashes out $684k in offshore account?
According to on-chain data released by @BowTiedIguana on Twitter, Bankman-Fried may have successfully sent $684,000 from his wallet to a Seychelles-based centralized exchange without KYC.
Under the terms of his release, SBF cannot conduct transactions worth more than $1,000. Thus, the latest money transfer may constrain further freedoms. highly attached The FTX founder, who is currently facing trial for money laundering, fraud and other serious crimes, could land him behind bars for life.
While the crypto world anxiously awaits Following the final outcome of the SBF case, a glimmer of hope exists for FTX crash victims, as the latest reports state that Bahamian authorities have indicated plans to release the over. $3.5 billion FTX assets of value in their custody are held only by the customers and creditors who own them.
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