FTX Founder Reportedly Cashes Out $684K After Being Released On Bail

True Pundit January 2, 2023

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SBF has allegedly cashed out $684,000 from a crypto exchange in Seychelles while being under house arrest, according to an on-chain investigation…

FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail, on-chain data suggests.

SBF has cashed out $684,000 in crypto to an exchange in Seychelles while being under house arrest, according to the on-chain investigation by DeFi educator BowTiedIguana.

Decentralized finance (DeFi) analyst BowTiedIguana took to Twitter on Dec. 29 to report on a series of obfuscated wallet transactions allegedly linked to SBF, suggesting that the former FTX CEO could have violated release conditions to not spend more than $1,000 without permission from the court.

According to BowTiedIguana’s analysis, SBF’s public address (0xD5758) on Dec. 28 sent all remaining Ether to a newly created address (0x7386d). BowTiedIguana noted that SBF took over the address that was originally owned by Sushiswap creator from Chef Nomi in August 2020. – READ MORE

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Hot Wire — They Warned You About this Crew 250+ Years Ago

***************************** SUBJECT: HOMELAND SECURITY AND DOD MEETING STAFF: Chief, Deputy Chiefs of Staff, Steven Munoz, Troup Hemenway, and Joseph Guy, Acting Director of ICE, Todd Lyons, CBP Commissioner, Rodney Scott, Liaison Officer, DoD, Philip Hegseth ATTENDEES: Pete Hegseth, Secretary of Defense General Dan Caine, Chairman of the Joint Chiefs of Staff General Gregory Guillot, NORTHCOM…

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Mike August 2, 2025

Hot Wire — Back to the Future (2008-09) (2020-21) & How to Beat The Man Thru 2035

************* Let’s do an exercise I’m a middle class American. where can I expect to be in 10 years. provide a year by year breakdown what will happen to my assets. I have 400,000 in the bank As a middle-class American with $400,000 in the bank, your position in 10 years (by 2035) will largely…

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Mike September 25, 2025

(FREE) PAINE IN THE MORNING: What you need to know this Monday – November 21, 2022

Here’s what you need to know today, Monday – November 21, 2022. There is also a full, ad-free video podcast of this broadcast available to…

True Pundit November 21, 2022

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(PREMIUM) PAINE IN THE MORNING: What you need to know this Monday – November 21, 2022

Here’s what you need to know today, Monday – November 21, 2022. Expert Who Oversaw Enron Bankruptcy Says He’s Never Seen ‘Such a Complete Failure’ as FTX – John Ray III, the newly appointed CEO of FTX who previously oversaw the restructuring of the infamous energy company Enron, says that he has never before seen “such…

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True Pundit November 21, 2022