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<ul class="news-points"> 
 <li>Market intelligence personality suspects money laundering in the ongoing FTX saga.</li> 
 <li>Dylan LeClaire discovered Alameda minted 36B USDT and only redeemed about 4B USDT.</li> 
 <li>LeClaire noted that most of the redemption happened during the LUNA/UST crash.</li> 
</ul> 
Dylan LeClaire, a self-claimed market intelligence personality, suspects a case of money laundering in the ongoing <a href="https://coinedition.com/tag/ftx-news/">FTX</a> saga. According to LeClaire, Alameda minted 36 billion USDT and only redeemed about 4 billion USDT which is enough to suspect that the entity was “a bank mule for other actors” behind the scenes. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 So Alameda minted 36b USDT, and only ever redeemed ~4b USDT, a net figure of 30b+ USDT. So did Alameda wire Tether $30b+ USD? If so, with what money? One possible "good" explanation is that they were a bank mule for other actors. Alternative explanations are… not great. 1/4 <a href="https://t.co/62AOeJTP9w" target="_blank" rel="nofollow">pic.twitter.com/62AOeJTP9w</a>— Dylan LeClair 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f7e0.png" alt="🟠" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DylanLeClair_) <a href="https://twitter.com/DylanLeClair_/status/1715044260334981173?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 19, 2023</a>
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In a recent post on X, LeClaire shared a screenshot showing that Tether received an outstanding $36.65 billion from Alameda research within an unspecified period. The company redeemed only about 4 billion USDT from that amount, leaving a net figure of over 30…
The post <a rel="nofollow" href="https://coinedition.com/market-analyst-suspects-money-laundering-in-ongoing-ftx-case/">Market Analyst Suspects Money Laundering in Ongoing FTX Case</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Market Analyst Suspects Money Laundering in Ongoing FTX Case

Coin Edition

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