As per Twitter reports, 30 cryptocurrency wallets related to Alameda Research, the bankrupt sister company of crypto exchange FTX, became active on 28 December following weeks of inactivity. Crypto assets worth $1.7 million were swapped and mixed through various crypto-mixing services.

Crypto mixers are frequently used by market manipulators and criminals to obscure the transaction path, allowing funds to be traced back to their original source.

The crypto Twitter community had yesterday (28 December) noticed a transfer of funds from Alameda wallets. The Alameda wallet was discovered to be exchanging bits of ERC-20s for Ether/Tether, with the ETH and USDT then being routed through instant exchangers and mixers. At the same time, former FTX CEO Sam Bankman-Fried “SBF” was granted bail.

The first fund transfer involved multiple Alameda addresses exchanging tokens for Ether/Tether and sending them to crypto mixers. The majority of these transfers were traced back to two main wallets with the prefixes 0xe5D and 0x971.

(by Suzuki Shillsalot)