• Alameda Research, a trading business owned by SBF, dumped $1.7 million worth of crypto assets on the open market.
• The assets were then exchanged for Bitcoin on trading platforms such as FixedFloat and ChangeNow.
• The recent transfer of assets from FTX has raised concerns among the community.

On December 28th, a significant amount of tokens owned by SBF’s trading business Alameda Research were sold into the open market. Cryptocurrency research company Arkham Intelligence reported that approximately $1.7 million worth of Ether, USDC, DAI, and CRV tokens were traded over several hours from wallets connected to the company. The assets were then exchanged on platforms such as FixedFloat and ChangeNow for Bitcoin.

The recent transfer of assets raised a number of concerns within the crypto community. It is possible that the transfers were an inside job to remove whatever is left in the wallets, including the $112 million mentioned previously. This coincides with SBF’s bailout, and continued transfers of funds from Alameda. These transfers have decreased the total value of cryptocurrencies held by Alameda from $140 million in the middle of November to $112 million.

The situation has become increasingly suspicious as the assets were sold for Bitcoin, which is seen as a safe-haven asset. This suggests that the team at Alameda may be trying to protect their funds from any potential losses. However, the exact reasons for the transfer of funds remain unclear.

It is worth noting that this is not the first time that Alameda has been involved in controversy. The company was previously accused of being involved in wash trading and market manipulation. In addition, SBF has been accused of insider trading and running a Ponzi scheme.

The recent transfer of assets has cast a shadow on Alameda, and it remains to be seen how the company will respond to the allegations. In the meantime, it is important to remain vigilant, and keep an eye on the situation as it unfolds.