There are reports circulating that Sam Bankman-Fried, the founder of the disgraced cryptocurrency firm Alameda Research, may have cashed out $684k to a crypto exchange in the Seychelles while under house arrest.

According to sources, Bankman-Fried was placed under house arrest after being indicted by the U.S. Department of Justice for securities fraud and money laundering. However, it appears that he was able to transfer a large sum of money to a crypto exchange located in Seychelles, a country known for its lax financial regulations.

This news has raised concerns about the potential for financial crimes to be committed while under house arrest, and has sparked calls for stricter monitoring of individuals under such restrictions.

It is not yet clear whether the transfer was legal or whether any action will be taken against Bankman-Fried for this alleged wrongdoing. However, this incident serves as a reminder of the need for enhanced regulation and oversight in the cryptocurrency industry to prevent such activities from occurring.

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