BALD Controversy: Investigating SBF’s Suspected Involvement
• The BALD project has been met with controversy as over $100 million worth of ether was allegedly taken from the project.
• There is evidence that suggests SBF and Alameda Research may have had a hand in the incident.
• On-chain activity analysis reveals correlations between the actions of the BALD deployer and significant events in SBF’s schedule.
BALD Controversy: Investigating the Rugpull
The BALD project has been met with controversy recently, as over $100 million worth of ether was allegedly taken from the project. This has caused many to question the involvement of Sam Bankman-Fried (SBF) and Alameda Research, leading to scrutiny and further investigations into potential links between them and the incident.
Evidence Raising Suspicions
A community member has compiled evidence that raises suspicions, including movements of thousands of ETH between FTX, a cryptocurrency exchange founded by SBF, and the BALD project. Moreover, on-chain analysis has revealed that an address responsible for deploying BALD is associated with early voting on SushiSwap proposals – which could be due to SBF’s known ties to the decentralized exchange – as well as linguistic similarity between tweets from this address and those of SBF himself. Additionally, this same account has been identified as a significant farmer on dYdX – adding more questions surrounding potential connections to SBF.
On-Chain Activity Correlation
Further examination of on-chain activities shows correlations between the actions of the BALD deployer and significant events in SBF’s schedule, such as court dates. This information further fuels speculation regarding any possible links between them.
The evidence uncovered so far has only served to increase suspicion about any potential involvement by either SBF or Alameda Research in what happened to BALD’s funds. As this investigation continues more information will come out that may provide answers about what really happened or clear up any confusion surrounding this matter.
The rugpull incident with BALD remains unresolved at present, but hopefully further investigation can bring clarity to what exactly happened and who was involved if anyone at all.