Sam Bankman-Fried Has A Secret Group Chat On Signal Named ‘Wirefraud’

The Australian Financial Review reports that Sam Bankman-Fried, Zixiao Gary Wang, Nishad Singh, and Caroline Ellison used a chat group on Signal in the hopes that the material would remain secret.

Members of the collapsed cryptocurrency exchange FTX’s inner circle created a chat group named “Wirefraud” and used it to share sensitive information about operations in the run-up to the company’s spectacular failure.

Parts of the message exchanges between Mr. Bankman-Fried and his inner circle are expected to be mentioned in the proceedings, especially since the chat group was given the moniker “Wirefraud.”

The fact that the company’s leaders had a discussion group dubbed “Wirefraud” raises questions about the possibility of misconduct by Mr. Bankman-Fried and his colleagues.

However, the founder of the collapsed exchange then stated that he has never heard of such a group.

A few days ago, the FTX founder had an interview with BCC saying he hopes to launch a new company in order to generate enough revenue to compensate FTX collapse victims. Currently, Mr. Bankman-Fried is set to testify on December 13 before the US House Financial Services Committee – the first of two congressional hearings investigating the collapse.

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