Alameda Research Continues Asset Movements Post-SBF Conviction
Alameda Research Continues Asset Movements Post-SBF Conviction
Despite Sam Bankman-Fried's imprisonment, a wallet controlled by Alameda Research recently deposited approximately $30 million in Bitcoin (BTC) into Binance. This activity reignites questions regarding the extent of Alameda's remaining assets and their ongoing management.
Alameda Research's Lingering Financial Activity
Reports indicate that Alameda Research, the trading firm founded by the now-imprisoned Sam Bankman-Fried, is still active in moving assets. Specifically, a Bitcoin (BTC) wallet under Alameda's control transferred an estimated $30 million to the Binance exchange last week. This movement, occurring even after Bankman-Fried's conviction, highlights the ongoing efforts to manage or liquidate assets associated with the collapsed FTX empire and its sister company, Alameda Research.