Getting Mixed Up With Alameda Research

It looks like regulators may have more ammunition to crack down on certain crypto services. Alameda’s up to something, and the available information looks suspect.

• Over $1.7 million in crypto was swapped using several crypto-mixing services Wednesday. The crypto was held in 30 wallets linked to Alameda Research. 
• Days after the release of FTX-founder Sam Bankan Fried, the wallets became active after four weeks of no activity.
• One of the mixing services, ChangeNOW issued a statement in response to the suspicious activities, “Currently, [ChangeNow’s] compliance team is working closely with investigators to detect the flow of the illegal funds, while also keeping a close eye on alerts from the community on funds with suspicious trails.”
• Arkham, a digital asset forensic firm, shared specific data revealing the movements of tokens beginning with multiple wallet addresses belonging to Alameda Research.

!TIP: Crypto-mixing services provide a measure of privacy for users, but they’re often employed by criminals and bad actors to obscure their trail of transactions.

Since the conditions of SBF’s bail do not prohibit internet access or other forms of communication, many suspect he may be behind the FTX-sister company’s recent transactions. Whoever is behind the fund transfers has taken meticulous steps in an attempt to obfuscate their ultimate destination.