• BALD Controversy: An investigation into the rugpull and suspicions surrounding Sam Bankman-Fried
• A community member has compiled evidence of a correlation between SBF or an executive from Alameda Research and the incident.
• On-chain analysis has revealed movements of thousands of ETH between FTX, a cryptocurrency exchange founded by SBF, and the BALD project.
BALD Controversy
The BALD project recently caused controversy due to sudden disappearance of $100 million which led to heightened scrutiny and suspicions, with some individuals raising questions about the involvement of Sam Bankman-Fried (SBF) and Alameda Research.
Evidence Compiled
A community member has compiled evidence that suggests a correlation between SBF or an executive from Alameda Research and the incident. This evidence includes on-chain activity showing movements of thousands of ETH between FTX, a cryptocurrency exchange founded by SBF, and the BALD project, as well as linguistic similarity between tweets from the BALD deployer and those of SBF. Additionally, it was discovered that same account is also a significant farmer on dYdX.
On Chain Activity Analysis
Further examination of on-chain activities have revealed correlations between actions taken by the BALD deployer with events in SBF’s schedule such as court dates. This further fueled speculation regarding potential connections to SBF.
Motion Filed
Surprised by this news, motion was filed seeking explanations for these allegations against Sam Bankman- Fried (SBF)and Alameda research .
Conclusion
The compilation of evidence has prompted further investigations into potential links between SBF or an executive from Alameda Research and the incident; however there is still no concrete conclusion at this time.