On-chain data <a href="https://etherscan.io/address/0x7386df2cf7e9776bce0708072c27d6a7135d51cb" target="_blank" rel="nofollow noopener">indicates</a> that Ethereum wallet addresses connected to the defunct trading company <a href="https://www.cryptoknowmics.com/news/the-block-ceo-resigns-after-failure-to-reveal-loans-from-sbfs-alameda">Alameda Research</a> exchanged multiple <a href="https://www.cryptoknowmics.com/news/starkware-launches-starknet-crypto-token-on-ethereum-blockchain">crypto coins</a> or tokens for <a href="https://www.cryptoknowmics.com/news/degods-and-y00ts-establish-a-link-to-polygon-and-ethereum">ether</a> and <a href="https://www.cryptoknowmics.com/news/world-cup-is-more-exciting-with-welcome-bonus-up-to-5000-usdt-from-coinplay">USDT</a> on Wednesday morning before exchanging for <a href="https://www.cryptoknowmics.com/news/quadrigacx-1-7-million-bitcoins-reignites-after-years-of-hibernation">bitcoin</a>.
<h2>Alameda Research Wallets Swap Crypto Coins for Bitcoin</h2>
These Alameda-connected wallets traded <a href="https://www.cryptoknowmics.com/news/lido-finance-introduces-ethereum-layer-2-staking-and-ldo-incentives">Lido</a>, <a href="https://www.cryptoknowmics.com/news/degods-and-y00ts-establish-a-link-to-polygon-and-ethereum">Polygon</a>, <a href="https://www.cryptoknowmics.com/news/uniswap-community-users-vote-in-favor-of-new-governance-process">Uniswap</a>, and other tokens for Ethereum and USDT before crossing to the Bitcoin system, according to Etherscan transaction data.

ZachXBT, a cryptocurrency detective, discovered four bitcoin wallets where the money is being combined. These wallets collectively possess 47.6 BTC, which are presently worth roughly $800,000, according to data from Blockchair. <a href="https://www.cryptoknowmics.com/news/sam-bankman-fried-accused-by-us-sec-of-scamming-ftx-investors">Sam Bankman-Fried</a>, the former CEO of <a href="https://www.cryptoknowmics.com/news/sec-identifies-ftx-exchanges-ftt-token-as-a-security">FTX</a>, was released on bail just days prior to these financial transfers. Bankman-Fried obtained a $250 million bail bond deal.
<h2>Use of Cryptocurrency Mixing Services</h2>
The <a href="https://www.cryptoknowmics.com/news/australia-prepares-to-regulate-cryptocurrency-service-providers-in-2023">cryptocurrency</a> community has made assumptions based on the movement patterns of these funds. To shift the cash, the organization in charge of the wallets employed mixers such as ChangeNow and FixedFloat. The flow of cryptocurrency is obscured by the use of cryptocurrency mixing services, which makes it impossible to determine who owns the crypto coins and where the money comes from. They achieve this by blending several input and output transfer sources.

Additionally, since the scandal started, FTX and Alameda have made several unexplained financial transfers. Immediately following the exchange's bankruptcy filing in November, tokens worth $352 million were suddenly taken from its holdings. Currently, the US <a href="https://www.cryptoknowmics.com/news/department-of-justice-doj-supports-sec-in-ftx-investigation-wsj">Department of Justice</a> is looking into this alleged attack.

Alameda Research Wallets Exchange Multiple Crypto Coins for Bitcoin

Alameda Research exchanged multiple crypto coins or tokens for ether and USDT on Wednesday morning before exchanging for bitcoin.

Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

Alameda Research Wallets Exchange Multiple Crypto Coins for Bitcoin

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