This is the best summary I could come up with:

Sam Bankman-Fried and other members of the inner circle of the collapsed cryptocurrency 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 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 Ellison.

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.

Ray has taken over as CEO of FTX in order to steer the firm through bankruptcy as well as the multiple criminal and other investigations it is now facing from law enforcement and regulators in the US and abroad.

He added that the job of untangling FTX’s finances was complicated as “we are starting from near-zero in terms of the corporate infrastructure and record-keeping that one would expect to find in a multibillion dollar international business”.

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