• Onchain research has revealed previously unreported transactions across various blockchains linked to Sam Bankman-Fried, the disgraced co-founder of FTX.
• The transactions were discovered by Conor Grogan, a director at Coinbase, and most of them took place on Dec. 28.
• The tokens were moved across various blockchains such as Polygon, Binance Smart Chain (BSC), Arbitrum, and other platforms.
Onchain researchers have recently uncovered a significant number of previously unreported transactions across various blockchains linked to Sam Bankman-Fried, the disgraced co-founder of FTX. The transactions were discovered by Conor Grogan, a director at Coinbase, and while most of them took place on Dec. 28, there was some recent activity in the first few days of the new year.
The onchain investigation revealed that wallets connected to Bankman-Fried transferred tokens across various blockchains such as Polygon, Binance Smart Chain (BSC), Arbitrum, and other platforms. The movement of the funds occurred while Bankman-Fried was on house arrest, and two days later he tweeted that he had no access to the funds.
The news of the suspicious transactions came just a week after onchain investigators discovered that a number of funds linked to FTX and Alameda Research wallets moved. Bankman-Fried was immediately bombarded with questions when he tweeted on Dec. 30, and he offered to help advise regulators if needed.
Grogan’s discovery of the transactions has prompted speculation on whether Bankman-Fried is still connected to the funds, or if the tokens were moved by other parties. The news of the transactions has been met with a mixture of shock and confusion, with many asking why Bankman-Fried would risk transferring the tokens while he was on house arrest.
The onchain research into Bankman-Fried’s activities has only just begun, and it remains to be seen what other revelations will come to light. In the meantime, regulators and law enforcement agencies will be keeping a close eye on any further movements of the funds, as they continue their investigation into the case.