FTX’s inner circle – including Sam Bankman-Fried – had chat group called ‘Wirefraud’

Members of the inner circle of power at collapsed cryptocurrency exchange FTX formed a chat group called “Wirefraud” and were using it to send secret information about operations in the lead up to the company’s spectacular failure.

On the eve of the first big hearing in the US Congress this week that will investigate FTX’s collapse, The Australian Financial Review has learnt that FTX founders Sam Bankman-Fried and Zixiao “Gary” Wang, along with FTX engineer Nishad Singh and former Alameda Research chief executive Caroline Ellison, used a chat group on Signal in the hope that the information would remain hidden.

On Monday (Tuesday AEDT) Mr Bankman-Fried denied being part of the chat saying, “If this is true then I wasn’t a member of that inner circle (I’m quite sure it’s just false; I have never heard of such a group).

Source: FTX’s inner circle – including Sam Bankman-Fried – had chat group called ‘Wirefraud’