Former FTX Head is Accused of Withdrawing $684K in Crypto

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According to DeFi analyst BowTiedIguana, Sam Bankman-Fried, former CEO of FTX, reportedly cashed out $684,000 in cryptocurrencies, possibly violating bail conditions.

Recall that on December 22, the court of the Southern District of New York set a bail for Bankman-Fried in the amount of $250 million. One of the conditions for getting out of arrest was a ban on spending more than $1,000 without the consent of the court.

According to the analyst, on December 28, a address associated with the FTX founder (0xD5758) sent the entire balance in Ethereum to the newly created wallet (0x7386d).

The expert has recalled that Bankman-Fried received control of 0xD5758 in August 2020 from the anonymous creator of SushiSwap under the nickname Chef Nomi.

Within a few hours, more than 100 deposits arrived at the new address.