<p style="font-weight: 400;">Some $1.7 million in cryptocurrency vanished from a trading firm linked to <a href="https://editorial.dailywire.com/news/epic-collapse-a-traders-take-on-ftx-sam-bankman-fried-and-wall-street-hubris/" target="_blank" rel="noopener">FTX founder Sam Bankman-Fried</a> just days after he was released on bail, according to reports.</p>
<p style="font-weight: 400;">Thirty cryptocurrency wallets linked to Alameda Research, the bankrupt firm run by Bankman-Fried’s ex-paramour, suddenly became active on Dec. 28 following four weeks of inactivity, according to <a href="https://cointelegraph.com/news/alameda-wallets-funnel-over-1-7m-via-crypto-mixers-overnight" target="_blank" rel="noopener">cryptocurrency site Cointelegraph</a>. The money was moved using “mixing services” which make it more difficult to track, the site reported.</p>
<p style="font-weight: 400;">&#8220;Currently, our compliance team is working closely with investigators to detect the flow of the illegal funds, while also keeping a close eye on alerts from the community on funds with suspicious trails,” ChangeNOW, one of the services used to move the money, said in a statement.</p>
<p style="font-weight: 400;">Alameda Research was run by <a href="https://editorial.dailywire.com/news/queen-caroline-forbes-publishes-flattering-profile-of-math-whiz-sam-bankman-fried-love-interest-behind-ftx-collapse/" target="_blank" rel="noopener">Caroline Ellison</a>, the 28-year-old one-time girlfriend of Bankman-Fried who pleaded guilty to fraud charges and is now reportedly cooperating with prosecutors. Bankman-Fried allegedly poured billions of dollars in clients’ funds deposited in his cryptocurrency exchange into Alameda. Ellison allegedly lost the money through a series of failed investments.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">Caroline Ellison, the former CEO of Alameda, is facing up to 110 years in prison after pleading guilty to 7 charges including fraud in the FTX collapse <a href="https://t.co/b0cVNIlGsI">https://t.co/b0cVNIlGsI</a></p>
<p>&mdash; Business Insider (@BusinessInsider) <a href="https://twitter.com/BusinessInsider/status/1605798908873121792?ref_src=twsrc%5Etfw">December 22, 2022</a></p></blockquote>
<p style="font-weight: 400;">Cointelegraph reported that the movement of funds so soon after Bankman-Fried was released on bond raised suspicions in the crypto community and that it appeared that whoever moved the money took extraordinary measures to cover their tracks.</p>
<p>Bankman-Fried tweeted Friday in response to the article that he had nothing to do with the money movement.</p>
<p>&#8220;None of these are me,&#8221; he wrote. &#8220;I&#8217;m not and couldn&#8217;t be moving any of those funds; I don&#8217;t have access to them anymore.&#8221;</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">None of these are me.  I&#39;m not and couldn&#39;t be moving any of those funds; I don&#39;t have access to them anymore.<a href="https://t.co/5Gkin30Ny5">https://t.co/5Gkin30Ny5</a></p>
<p>&mdash; SBF (@SBF_FTX) <a href="https://twitter.com/SBF_FTX/status/1608908562851598336?ref_src=twsrc%5Etfw">December 30, 2022</a></p></blockquote>
<p style="font-weight: 400;">The crypto forensic group Arkham said that the first transfer began with multiple Alameda addresses swapping tokens for Ether, sending them to crypto mixers. The money was moved through multiple wallets in amounts ranging from $50,000 to $200,000, then sent to ChangeNOW and fellow mixing service FixedFloat.</p>
<p style="font-weight: 400;">Another wallet was used to swap for stablecoins before the funds were sent to Fixedfloat, Cointelegraph reported.</p>
<p style="font-weight: 400;">Bankman-Fried, 30, whose net worth was once estimated at $25 billion, was arrested in the Bahamas on fraud charges, extradited to New York, and then released last week on a $250 million bond. He did not have to put up any money under the terms but must stay at the Palo Alto, California, home of his parents, both Stanford University law professors.</p>
<p style="font-weight: 400;">Before his stunning fall from grace, Bankman-Fried was seen as a darling of the Left. He donated to a host of liberal causes, claiming to espouse a philanthropic philosophy of pursuing profits solely to give more money away. But Bankman-Fried later said he cynically adopted the Left’s language as a “dumb game we woke Westerners play,” even as he ran the company into the ground.</p>
<p style="font-weight: 400;">Thousands of investors lost their money, some their life savings, when the Bahamas-based crypto exchange collapsed. Attorney John Jay Ray III, who successfully clawed back millions of dollars for victims of the early 2000s Enron collapse, has been installed at FTX to clean up its balance sheet and return as much money as can be recovered to investors. He recently signaled he intends to force politicians who took donations from Bankman-Fried <a href="https://www.dailywire.com/news/top-dems-on-hook-as-new-ftx-boss-vows-to-claw-back-crypto-exchanges-donations" target="_blank" rel="noopener">to return the money with interest</a>.</p>
<p style="font-weight: 400;">Bankman-Fried faces up to 115 years in prison if he is convicted on all counts, which include conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering.</p>

<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script>
<script async src="https://www.instagram.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

$1.7M In Crypto Vanishes From Bankman-Fried-Linked Firm Days After His Release On Bail

CONTINUE READING

Trump Expects To Be Arrested, Indicted By Special Counsel Jack Smith In 2020 Election Case

Former Secret Service Agent Dan Bongino Says Biden Family Member Brought Cocaine To White House

Con Artist: Victim Of Hunter Biden’s Latest Scam Is His Own Daughter

Trump, DeSantis Shocked By Bombshell Daily Wire Investigation Into Transgender Healthcare Providers

‘Huge Win For Free Speech’: Andrew Klavan Praises Musk For Allowing ‘What Is A Woman?’ To Air Unrestricted

‘Every Parent Should Watch This’: Elon Musk Retweets ‘What Is A Woman?’ To His 140M Followers

News

Business

Crime

Cryptocurrency

Sam Bankman-Fried

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

$1.7M In Crypto Vanishes From Bankman-Fried-Linked Firm Days After His Release On Bail