Crypto Mystery: BALD Memcoin Connection to FTX
posted 1 Aug 2023
A Twitter debate has erupted, speculating that Sam Bankman-Fried (SBF) might be involved with the BALD memcoin rugpull.Blockchain analysts delved into the developer’s on-chain history and discovered a connection between the wallet address deploying the BALD token and ETH funding from wallets linked to FTX and Alameda Research.An anonymous DeFi commentator suggested that this link might indicate SBF’s attempt to recover some losses.Data editors found that the same wallet address had made numerous transfers (400) to blacklisted USDT addresses and appeared to have strong connections with Alameda Research.
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