Several wallets linked to Alameda Research, the brokerage arm of the bankrupt Bahamas-based cryptocurrency exchange FTX.com, became active over the past week to transfer millions worth of FTX’s native token, FTT, according to crypto analytics platform Arkham Intelligence.
See related article: Crypto addresses linked to Alameda Research have moved over US$100,000
Fast facts
- In a tweet on Tuesday, Arkham Intelligence said that an Alameda-linked wallet “brokenfish.eth” withdrew US$2 million in FTT from BentoBox, a smart contract that acts as the central vault for decentralized finance protocol SushiSwap.
- SushiSwap is a decentralized exchange and automated market maker built on Ethereum, which former FTX Chief Executive Officer Sam Bankman-Fried temporarily took over in 2020. The connection has triggered suspicion that Bankman-Fried may be involved in the transfers.
- John Ray III, the court-appointed CEO of FTX, is also suspected to be behind the transfers as part of bankruptcy proceedings. FTX’s restructuring team said the company has taken an active role to claw back funds linked to the bankrupt exchange and its subsidiaries.
- Lawyers representing FTX and Alameda’s restructuring team did not immediately respond to Forkast’s request for comment.
- Arkham added that another Alameda-linked Ethereum account woke up on Feb. 7 and received over US$600,000 worth of cryptocurrencies. The tokens were then sent to an FTX holding address, known to be used as safe storage by FTX’s bankruptcy team.
- Last week, blockchain security firm PeckShield Alert flagged that US$13 million worth of crypto assets had been transferred to a wallet believed to be linked to Alameda consolidation.
- FTX reported in January that it recovered US$5 billion in liquid assets.
See related article: Second set of transactions from Alameda wallets likely liquidators: Nansen