MIXED ASSET

Day crypto wallet related to failed trading firm and market maker Alameda Research started to move millions of dollars of crypto currency. The transfers were they few days after Sam Bankman-fried on bail, leading a lot of speculation. It is believed that Sam was one of the only people who had asset to the wallet belonging to FTX and Alameda. Not only that, Sam as had excess to the internet ever seen he was relieved on bail and also the former executive of FTX and Alameda. The entity behind the crypto transfers converted about 1.4 million ETH into USDT, 200k USDT was swap for Bitcoin through renBTC and the remaining 1.2 millions of dollars USDT was mixed using various services. Also an additional 300 thousand dollars of ETH was mixed as well.

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For those who don't know already, mixing services basically break the link between the sender and recipient on the publicly viewable cryptocurrency blockchain. This make it more hard to track crypto transactions. The most interesting part s that the entity which moved Alameda assets, slip most of them up in 200k batches USDT. This could be because there is a lack of of liquidity of the mixing services and it could also be evident of payment been payment being made to different entity that were involved with FTX and Alameda.

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Sam allegedly cash almost 700k in crypto short worth and the crypto wallet he used was connected to this same Alamede wallet which a had been mixed asset. Sam didn't denied cash out 700k crypto, this is very important because one of his bail conditions that he can't spend more than one thousand dollars day. If he spends more than one thousand dollars per day, his parent and his anonymous bail donor will pay 250 million dollars. I suppose Sam cashing out 700k doesn't count has spending money because otherwise he would already be behind bars. Sam is expected to testify to the US court and expected to pleased not guilty to the charges he is facing.

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