Alameda wallets funnel over $1.7M via crypto mixers overnight

Data negates the possibility of liquidators behind the fund transfers due to the use of mixing tools and extensive planning to hide transaction paths.

30 cryptocurrency wallets linked to Alameda Research, the bankrupt sister company of crypto exchange FTX, became active on Dec. 28 following four weeks of inactivity. These wallets swapped and mixed over $1.7 million worth of crypto assets through various crypto-mixing services.

Crypto mixers are often used by market exploiters and criminals to obscure the transaction path so that the funds cannot be traced to the original source.

As Cointelegraph reported on Dec. 28, the sudden movement of funds from

In total, $1.7 million worth of funds were swapped and sent through various mixing services as follows:

• 270.5 ETH through ChangeNOW (~$325k)
• 800,000 USDT through Fixedfloat
• 200,000 USDT through Curve SynthSwap (to native BTC)
• 200,000 USDT through Airswap
• 200,000 USDT through other crypto-mixing services

The movement of funds from the Alameda wallet funneled through mixing tools created quite a buzz in the crypto community. Many question the timing of the fund transfers while others point toward the use of mixing services and the inability of authorities to prevent such a thing despite the matter being sub-judice.