Several crypto coins were exchanged for Bitcoin (CRYPTO: BTC) using Alameda Research wallets, according to on-chain data.

Ethereum wallet addresses connected to the defunct trading company Alameda Research exchanged multiple crypto tokens for Ether (CRYPTO: ETH) and USDT (crypto: USDT) on Wednesday morning before bridging them to the Bitcoin network.

According to Etherscan transaction data, these Alameda-linked wallets traded Lido (CRYPTO: LDO), Polygon (CRYPTO: MATIC), Uniswap (CRYPTO: UNI), and other tokens for Ether and USDT before bridging to the Bitcoin network.

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ZachXBT, a cryptocurrency detective, discovered four Bitcoin wallets where the money was being combined.

The funds are being swapped for BTC
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bc1q7p22k0ly0pmy04ermzu76uyylveehu9cusrcnp pic.twitter.com/ueYLjQOalZ

— ZachXBT (@zachxbt) December 28, 2022

These wallets possess a combined 47.6 BTC, or around $800,000, according to data from Blockchair.

These fund transfers occur just days after the release on bail of former FTX CEO Sam Bankman-Fried, who obtained a $250 million bail bond deal.

The entity in charge of the wallets has moved the money using mixers like ChangeNow and FixedFloat, which obscure the flow of cryptocurrency by blending various transfer inputs and outputs.

Additionally, since the scandal started, FTX and Alameda have made several unexplained fund transfers.

Right after the exchange filed for bankruptcy in November, tokens worth $352 million inexplicably disappeared from its holdings, and the US Department of Justice is currently investigating this alleged attack.

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