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Dec 30, 2022 • 10 tweets • 3 min read
Did disgraced crypto founder Sam Bankman-Fried just cash out $684k to a crypto exchange in the Seychelles while under house arrest?

His release conditions are that he not spend more than $1,000 without permission from the court.

Let's examine the evidence on chain 👇
When SBF agreed to take over control of the Sushiswap exchange from anonymous founder Chef Nomi in August 2020, he asked for ownership to be transferred to his Ethereum address

Chef Nomi transferred ownership to SBF's address
After SBF was released, his wallet sent all its remaining crypto tokens to a new Ethereum address created an hour earlier. In 3 hours, over 100 new deposits were made to this wallet from various addresses, most having links to SBFs defunct hedge fund Alameda Research
In less than 4 hours, 570 ETH worth approximately $684,000 was transferred out of this new wallet, to various destinations.

Funds were sent to a no KYC exchange based in the Seychelles and to the Bitcoin network via the
@renprotocol, a bridge funded by Alameda.
Perhaps the SEC attorneys would like notice of this. I'm a cartoon lizard so can someone else please email them?
As the Ethereum blockchain is an immutable public ledger, this on-chain evidence is permanently available to law enforcement and the courts

For regular research reports subscribe to DeFi Education
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or join the best course in crypto
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tl;dr all ETH sent from SBF's public wallet to newly created address 0x7386df2Cf7e9776bCE0708072c27d6a7135D51CB which, within hours, received transfers totaling $367k from 32 known Alameda Research wallets + $322k from other wallets; all sent to a Seychelles CEX or Ren BTC bridge
0x7386 sent $629k to 0x64e9B9cD74A46f71e7631CB033afA6E7849a8683
which received a further $1M from 11 wallets labelled as Alameda Research

5 separate transactions of <51 ETH were used to move funds to newly created wallets then onwards to a Seychelles based exchange
3 tranches of 200k USDT were also sent from the SBF linked wallet to the FixedFloat exchange (@FixedFloat you might want to take a look)

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More from @BowTiedIguana

BowTiedIguana Profile picture
Dec 31, 2022
Decent advice but for those wanting extra protection

1. Use a *local* password manager, don't blindly trust cloud services (see recent Lastpass incident), be responsible for your own encrypted backups. @KeePassXC / @KeePass on Linux
2. Implement Two Factor Authentication with something you have better control over than a third party / cloud service. Remember that if you lose your 2FA you're locked out, so the secret should be backed up. You can use a Yubikey but I have oathtool (Linux) handy just in case
3. Gmail knows far too much about you but Tutanota / Proton don't solve much because email to/from addresses outside of those systems is basically cleartext. But. Good practice to use different email addresses, one for each ID/purpose.
Read 7 tweets
BowTiedIguana Profile picture
Dec 31, 2022
Viral BowTiedJungle Threads From 2022

(based on 1.2K members in @BowTiedBaboon 's Jungle Directory twitter.com/i/lists/139223…)

Chronological order
@BowTiedNightOwl explains why moats are important in the crypto world
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BowTiedIguana Profile picture
Dec 30, 2022
For my new followers, welcome to BowTied - a community of various experts

dentist @BowTiedGatorDDS
chef @BowTiedOctopod
bodybuilder @BowTiedOx
and more!

I help you
• understand Decentralized Finance
• find well paid remote jobs in web3
• secure your devices & wallets

👇
💵I've been working online since 2021 starting with the BowTied Community, the DeFi Education Substack, and advisory and tech roles at Decentralized Finance protocols

We've just released a course for those serious about finding a job in crypto, but read our free content first 👇
🏦Decentralized Finance allows individuals to invest their funds and retain custody: be your own bank

But the industry is full of fraud and misinformation. Our multi year education effort by Wall Street and tech professionals continues.

Free posts @ defieducation.substack.com 👇
Read 5 tweets
BowTiedIguana Profile picture
Nov 12, 2022
Bitboy semi answered the call to "shine light" but tells followers he doesn't want to be kilt

Didn't use Nikolai's name or link the story

Should give intelligent people pause for thought

Stay Anon

And Shine On!
Some of you need to get better at judging character
Imagine being coy and hinting that you know something that could get you killed (when someone involved has actually died in suspicious circumstances) for clout, while providing zero relevant information and censoring the relevant bit from the person who pointed out the connection
Read 4 tweets
BowTiedIguana Profile picture
Nov 12, 2022
The quoted tweet is factual.

IF enough of you care, and you bring it to the attention of the few crypto leaders who have principles, and we start poking around in the real world

There's a very small chance the evil which rules you with fraud and violence will blunder

Boost
👇
I'll start
@jespow Nikolai's death bothers me. How about you?
@Snowden seen you weigh in on crypto.

If you're not tired of risking your neck on behalf of people who don't deserve it, Nikolai's suspicious death bothers me:

Read 13 tweets
BowTiedIguana Profile picture
Nov 11, 2022
Have been suggesting for years people read about financial history. (guess this is dry for most and fear its fallen on deaf ears)

But it protects you from losing money, don't you see?

An afternoon with a boring book can save the fortune you slogged for a decade to create.
👇
Exhibit 1. Jon Corzine and MF Global (2011)

Hundreds of millions of 'missing' customer funds following risky bets on sovereign debt by the firm run by a GS alum and former US Senator!

Everyone who has money vets their FCM, has funds in different accounts, some buy insurance
Exhibit 2. (no, regulated futures clearing firms aren't safe and neither are regulated broker dealers)

There's something called SIPC insurance to cover customer cash and securities up to $500k against brokerage failure. Guess how often that fund gets drawn on? Now look it up.
Read 7 tweets

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