3 months ago 1 min read

For the First Time Since His Arrest on December 12, SBF Tweets

Sam Bankman-Fried-bitcoin-uniswap-alameda-ftx-sbf-crypto-cryptonews

On-chain data shows that on Wednesday, Ethereum wallet addresses linked to the now-defunct trading firm Alameda Research traded a number of crypto tokens for ether and USDT before switching to bitcoin. According to Etherscan transaction data, the Alameda-linked wallets exchanged Lido, Polygon, Uniswap, and other tokens for ether and USDT before connecting to the Bitcoin network.

Following the hearing, Mr. Bankman-Fried was granted a $250 million bail, as Coincu reported on December 23. The defendant, his parents, and a non-family member signed the bail, which was secured by the defendant's parent's Palo Alto home.

Two days ago, Coincu reported that Bankman-Fried, who admitted to FTX's risk management failings, was charged with two charges of wire fraud and six counts of conspiracy, including offenses involving money laundering and campaign funding. If found guilty, Bankman-Fried faces decades in jail. The founder of FTX, however, vehemently claimed that he did not engage in fraudulent activity and would not be prosecuted.

The Wall Street Journal also noted that Bankman-Fried will likely enter a not guilty plea to eight counts of fraud during a hearing the following week.

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