The repercussions of FTX’s collapse still linger. However, a news emerged that attracted a lot of attention. It turns out that FTX executives and the former CEO of Alameda Research have created a chat group on Signal. It is said that this group was opened to work together against the lawsuits and to keep the information confidential. It is also alleged that crypto money managers from this group share confidential information.
Cryptocurrency executives are preparing for the lawsuit from this group
As we reported as Kriptokoin.com, the SBF was expected to appear before the US Congress today. However, he was arrested in the Bahamas yesterday evening on the grounds of the USA’s extradition request. According to the news presented by the Australian Financial Review (AFR), FTX founders Sam Bankman-Fried and Zixiao “Gary” Wang, FTX engineer Nishad Singh and former CEO of Alameda Research Caroline Ellison formed a secret group called “Wirefraud” on the Signal application. was put forward.
Messages between Bankman-Fried and his close circle can be brought up at the hearings, especially since the chat group was named “Wirefraud”. By the way, “wire fraud” means electronic fraud or money transfer fraud. The administrators took precautions to keep the conversations between them confidential. However, the public wants the content of the Signal chat to be made public in legal proceedings. Investors also want the correspondence to be made public.
SBF denied the allegations
All these allegations came to light before the SBF was arrested in the Bahamas. The SBF denied these allegations before he was caught seeking extradition to the United States yesterday. Saying that he was not aware of the existence of such a Sgnal group, Bankman-Fried said:
If that’s true, I’m not a member of that group. I’m pretty sure this information is wrong. I’ve never heard of such a group.
It is heard that SBF, which is blamed for the FTX collapse, is involved in a chat group called Wirefraud, which stands for electronic fraud and forgery, raising concerns about the possibility of abuse of power. The Department of Justice, along with the U.S. Securities and Exchange Commission (SEC), continues to investigate FTX. Immediately after the FTX collapse, the Department of Justice began the case to determine whether fraudulent incidents had occurred. The SEC, on the other hand, is trying to take measures to protect investors. Bankman-Fired said in a recent statement:
I have never tried to cheat. I still don’t have access to most of my professional or personal data. So there is a limit to what I can say. But I am ready to testify on the 13th, as the committee still thinks it will be useful.
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