Some blockchain observers believe that the recent removal of liquidity from the BALD meme coin on Ethereum layer-2 network Base may have been orchestrated by former FTX CEO Sam Bankman-Fried.
Memecoin BALD Deployer Rug Pulls Liquidity
Some blockchain observers believe that the recent removal of liquidity from the BALD meme coin on Ethereum layer-2 network Base may have been orchestrated by former FTX CEO Sam Bankman-Fried.
The BALD development is "90% SBF or an Alameda person at this point," Cinneamhain Ventures partner Adam Cochran tweeted in reference to Bankman-Fried's old company and its co-CEO Sam Trabucco.
Cochran further mentioned that Bankman-Fried's court and bail dates coincide with the on-chain activity, and that the same wallet address had previously participated in the SushiSwap community.
According to reports, FTX and Alameda made deposits into the BALD developer wallet over the course of more than two years. The wallet currently holds a balance of 12,331 ETH, or nearly $22 million.
Since the US Department of Justice charged Bankman-Fried with eight charges of conspiracy and fraud in November 2020, he has been under house arrest.
Many people on Crypto Twitter think the wallet belongs to someone in Bankman-Fried's inner circle, but others are more dubious and think the claims are just speculations.
