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Cryptocurrency Twitter influencer DeFiSquared has performed an onchain investigation of the Multichain exploiter’s tackle that has uncovered a probably huge bribery scandal involving Sam Bankman-Fried and the Chinese language authorities.
The investigation started when DeFiSquared traced the motion of funds from the tagged Multichain exploiter tackle, recognized as 0x622e5. Within the final 24 hours, this tackle transferred over 1000 Wrapped Bitcoin (WBTC) to a brand new tackle 0x3c74b, which then swiftly transformed the WBTC to USDT.
That tackle 0x3c74b has been laundering the funds through the use of a Gate IO account with the deposit tackle 0x96345. One of the notable sources of funds is the tackle 0x24f42, which has seen a big circulate of USDT from tackle 0x3e4b7. This very tackle, 0x24f42, beforehand acquired a 40 million USDT transaction from collapsed crypto alternate FTX.
DeFiSquared recalled latest accusations that SBF tried bribing the Chinese language authorities with exactly $40 million in or round November 2021, a sum matching the transaction acquired by tackle 0x24f42 in the identical month.
On Jul 7, Multichain ceased operations after struggling an exploit that led to a lack of $126 million, with almost $120 million coming from Multichain’s Fantom bridge, in line with Chainalysis. Per week later, Multichain CEO Zhaojun was taken away by the Chinese language police and her computer systems, telephones, {hardware} wallets, and mnemonic phrases had been all confiscated by the authorities.
Subsequently, rumours started to swirl relating to the Chinese language authorities probably holding Multichain funds. DeFiSquared believes that the path of funds unveiled throughout his on-chain investigation appears to substantiate these rumors and that the latest liquidation of the funds raises suspicions that the authorities don’t have any intention of returning them.
(Be aware: The claims and allegations talked about on this report are primarily based solely on the data offered by DeFiSquared’s onchain investigation and haven’t been independently verified.)
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