bald memecoin has been on the agenda recently, with its market value of $85 million falling to zero. Analysts investigating the case, altcointhose who manage the project FTX found to be related to the event. On-chain data, FTX subsidiary of developers Alameda Researchcast doubt on his connection with
Wintermute researcher Igor Igamberdiev found that the Bald deployer is linked to an old wallet (0x000f7f) affiliated with Alameda Research. This link came about when Bald deployer address and 0x000f7f shared the same deposit account on FTX Exchange.
(Bald deployer,on mainnet is the smart contract address used to create the memecoin.)
The Connection Between Bald and FTX!
Igamberdiev also found that the altcoin project interacted directly with a second wallet address from Alameda Research. second address, a major trader at dYdX, first SushiSwap also played a role in the proceedings. The wallet has also spent significant money raising tokens on platforms such as Compound, SushiSwap, Cream, and Stargate.
The Wintuermute official said that these activities are typical of FTX. DeFi believes it is compatible with its operations. The connection of the altcoin wallet in question with the FTX exchange is among the possible scenarios.
Igamberdiev’s findings do not prove that Alameda Research distributed the Bald token. However, it is a fact that there is a strong connection between the altcoin project and Alameda. The research by the Wintermute official was highly appreciated by the cryptocurrency community.
