Following four weeks of inactivity, 30 cryptocurrency wallets linked to Alameda Research, the bankrupt sister company of cryptocurrency exchange FTX, became active on December 28. Through various crypto-mixing services, these wallets swapped and mixed over $1.7 million in cryptocurrency assets.
Market manipulators and criminals frequently use cryptocurrency mixers to obscure the transaction path, allowing funds to be traced back to their original source.
The first transfer of funds began with multiple Alameda addresses exchanging tokens for Ether and sending them to crypto mixers. Most of these transfers were traced back to two main wallets with the prefixes 0xe5D and 0x971.
(Reporting by Shikha Singh, Editing by Kapil Rajyaguru)
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