Sam Bankman-Fried and other FTX staff allegedly had 'Wirefraud' chat group
Sam Bankman-Fried and other FTX staff allegedly had ‘Wirefraud’ chat group
Sam Bankman-Fried and other members of the inner circle of the collapsed crypto exchange FTX allegedly formed a chat group on the encrypted platform Signal under the name “Wirefraud”.
The Australian Financial Review reported that the Wirefraud chat group was used to send end-to-end encrypted information about FTX and its crypto hedge fund, Alameda Research, in the run-up to the implosion of the exchange. According to the newspaper, members of the secret group included Bankman-Fried, his FTX partners Zixiao “Gary” Wang and Nishad Singh, and the CEO of Alameda Research Caroline.
The founder and former CEO of FTX has now been charged by the US Securities and Exchange Commission with defrauding investors in the company. The criminal indictment, which is expected to be unsealed on Tuesday by prosecutors at the Southern District of New York, is reported to contain counts on wire fraud.
The reported existence of a “Wirefraud” chat group among top FTX operatives was revealed just a day before Bankman-Fried had been scheduled to testify before the US House financial services committee. That appearance will no longer be possible as he is being held in custody and is scheduled to be brought before a magistrate court in Nassau, the Bahamas capital.
https://amp.theguardian.com/business/2022/dec/13/sam-bankman-fried-ftx-signal-wirefraud-chat-alameda
You can’t make this sh*t up!
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