A series of high-value transfers from wallets associated with Sam Bankman-Fried haves raised suspicions.

In a Twitter thread Wednesday, Coinbase director Conor Grogan shared previously unreported transactions made from Bankman-Fried connected wallets across blockchains outside Ethereum.

His analysis revealed that 12 wallets tied to the former FTX chief had moved close to $144,000 worth of assets to different destinations. Some of these transfers were made as recently as Jan. 2 and Jan. 3, found Grogan.

The recent movement of funds comes after Bankman-Fried explicitly denied being behind these transfers, saying in a Dec. 31 tweet that he no longer had access to them.

In his arraignment hearing earlier this week, where the FTX founder pleaded “not guilty” to the charges against him, Judge Lewis Kaplan amended the terms of his bail to prohibit him from making any transfers of FTX or Alameda associated assets.

“The FTX bankruptcy estate could really benefit the public by being explicit which wallet addresses are currently under the control of proper authorities. This could all just be observations of a legal process, in which case its just undue noise. Or it could be theft,” tweeted Grogan on Wednesday.

According to him, a particularly interesting recipient of funds was a wallet funded by transfers on Arbitrum, that received $10 million worth of ETH two days after FTX declared bankruptcy.

He believes it is unlikely that these assets are being moved by authorities, based on the timing of transfers.