The FTX Boss Allegedly Withdraws Funds Via A Non-KYC Platform And Ren Protocol Despite Court Restrictions


Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt cryptocurrency exchange FTX, has reportedly cashed out $684,000 worth of crypto assets despite court restrictions on spendings above $1,000. On-chain DeFi analyst BowTiedIguana took to Twitter to unravel the location where SBF transferred the funds.

After Bankman-Fried’s $250 million bail last week, the FTX boss allegedly sent all the ETH in his public wallet to a new wallet address – 0x7386df2Cf7e9776bCE0708072c27d6a7135D51CB. Some hours later, $367,000 worth of cryptocurrencies were allegedly transferred from 32 addresses owned by SBF’s trading firm Alameda Research to the same wallet.

The address received another $322,000 from other wallets, bringing the total assets to roughly $689,000. The wallet address, 0x7386, then sent $629,000 worth of tokens from its entire holding into another wallet address – 0x64e9B9cD74A46f71e7631CB033afA6E7849a8683.

Eleven wallet addresses labeled as Alameda-owned accounts sent a total of $1 million into the same wallet address, 0x64e9. Five transactions of less than 51 ETH were then conducted, as they were sent to a freshly created wallet address. The funds were then transferred to a Seychelles-based crypto exchange that does not conduct Know-Your-Customer (KYC) activity for users.

Parts of the funds were also moved through the Ren protocol and subsequently to the Bitcoin network. The Ren protocol is a gateway that allows anyone to send BTC, ZEC, and BCH across blockchains. Alameda acquired the platform in February 2021.

Three sets of 200,000 USDT were also transferred to FixedFloat, a self-custodian crypto exchange that facilitates transactions through its Lightning Network. It is still unclear if SBF was truly behind the withdrawals, but it is only a matter of time before U.S. attorneys begin to probe the transactions.

This Post Has 18 Comments

  1. Lottery Defeater

    Very nice style and design and good articles, nothing at all else we need : D.

  2. Perfectly written articles, thanks for selective information. “Necessity is the mother of taking chances.” by Mark Twain.

  3. Hi, i think that i saw you visited my website thus i came to “return the favor”.I am attempting to find things to improve my website!I suppose its ok to use some of your ideas!!

  4. Excellent website. Plenty of helpful info here. I’m sending it to a few pals ans additionally sharing in delicious. And naturally, thank you in your effort!

  5. Balmorex Pro

    Thanks for another informative site. The place else may just I get that type of info written in such an ideal means? I have a project that I am just now working on, and I have been at the look out for such info.

  6. Fitspresso

    It is really a great and useful piece of information. I am glad that you shared this helpful information with us. Please stay us informed like this. Thank you for sharing.

  7. renew

    Renew is a nutritional supplement that activates your metabolism and promotes healthy sleep.

  8. website url

    Excellent post. I was checking continuously this blog and I am impressed! Very helpful info particularly the last part 🙂 I care for such info much. I was looking for this particular information for a long time. Thank you and good luck.

  9. Fitspresso review

    There are actually a variety of particulars like that to take into consideration. That may be a great level to convey up. I provide the thoughts above as common inspiration however clearly there are questions like the one you bring up the place an important factor will likely be working in sincere good faith. I don?t know if greatest practices have emerged round things like that, however I’m sure that your job is clearly identified as a fair game. Both girls and boys really feel the impression of only a second’s pleasure, for the rest of their lives.

  10. dobry sklep

    Wow, awesome weblog layout! How lengthy have you ever been running a blog for?
    you make blogging glance easy. The overall glance of your website is fantastic, as neatly as the content!

    You can see similar here sklep internetowy

  11. I really like your writing style, good information, appreciate it for posting :D. “I hate mankind, for I think myself one of the best of them, and I know how bad I am.” by Joseph Baretti.

  12. GMB SEO

    Hello my family member! I want to say that this article is amazing, great written and include approximately all vital infos. I would like to peer extra posts like this .

  13. website url

    Great web site. Plenty of helpful information here. I?¦m sending it to some pals ans additionally sharing in delicious. And certainly, thank you in your effort!

  14. Animal Bargain

    I visited a lot of website but I conceive this one has something extra in it in it

  15. tlover tonet

    This is very interesting, You are a very skilled blogger. I have joined your feed and look forward to seeking more of your great post. Also, I have shared your site in my social networks!

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.