The world of cryptocurrencies has been rocked by a peculiar incident involving the $BALD meme coin on Ethereum's Layer-2 network BAse. As a mystery developer withdrew all liquidity from BALD, suspicions have arisen, pointing fingers at none other than former FTX CEO Sam Bankman-Fried. Currently under house arrest and with limited internet access, the alleged involvement of Bankman-fried has ignited a wave of speculation and investigation within the crypto community. In this article, we delve into the unfolding drama surrounding BALD, exploring the evidence and opinions surrounding the enigmatic figure of Sam Bankman-Fried.
Blockchain watchers and experts have been closely analyzing the wallets involved in the BALD incident, and some believe that the fingerprints left behind could lead back to Sam Bankman-Fried or his close associates. Cinneamhain Ventures partner Adam Cochran tweeted his belief that the BALD developer might be "90% SBF or an Alameda person," referring to Bankman-Fried's former association with Alameda Research. Additionally, specific phrases used in the BALD Twitter account bear a striking resemblance to Bankman-Fried's own Twitter post, further fueling suspicions.
An in-depth investigation on Reddit revealed that the BALD developer's wallet had received a deposit from FTX and Alameda over a span of two years, accumulating an impressive balance of 12,331 ETH, worth approximately $22 million.
Adding to the intrigue, Sam Bankman-Fried has been facing legal challenges, including being created by the U.S. Department of Justice with conspiracy and fraud following the collapse of FTX. His house arrest has made it difficult for authorities to monitor his internet activity, leading to concerns about his compliance with bail conditions.
As Crypto Twitter buzzes with speculation, the identity of the BALD developer remains shrouded in mystery. Some users acknowledge that the accusations are speculative, while others believe the wallet belongs to someone in Bankman-Fried's inner circle. However, without concrete evidence, the truth remains elusive.
The BALD meme coin incident has captivated the cryptocurrency community, with fingers pointing towards former FTX CEO Sam Bankman-Fried as the enigmatic developer. While evidence and speculation abound, the true identity of the BALD developer remains unknown. As the story continues to unfold, the crypto world awaits further developments, hoping to uncover the truth behind this puzzling event.