SBF Denies Rumors Of Involvement With Wire Fraud Group Chat

SBF Denies Rumors Of Involvement With Wire Fraud Group Chat. 

Wire Fraud Group Chat

The Australian Financial Review recently reported that members of the inner circle of power of fallen crypto exchange FTX have formed a group chat named “Wirefraud” on Signal. 

The report suggests that founders Sam Bankman-Fried or SBF, Zixiao “Gary” Wang, engineer Nishad Singh, and Alameda Research CEO Caroline Ellison were all involved in this group chat and were using it to send information amongst each other about secret operations leading up to the crypto exchanges collapse and bankruptcy.

In response however, SBF has since denied this rumor arguing that he had never heard of such a group and that if this secret group were to be true that he had no affiliation and had never been a part of it.

Related: Why SBF Dislikes Bitcoin According To Cathie Wood!

SBF Arrested

Since rumors of this secret wire fraud group chat have spread, Sam Bankman-Fried has since been arrested by Bahamas authorities at the request of US officials on Monday, December 12th.

U.S prosecutors have since reportedly charged SBF with a number of criminal charges including wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering, according to the NYT.

The Securities and Exchange Commission (SEC) have also separately announced their own charges against SBF for “violations of our securities laws.”

Related: SBF Says He Wants To Run New Business To Repay FTX Investors

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