this post was submitted on 03 Nov 2023
51 points (90.5% liked)
Privacy
31837 readers
116 users here now
A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
In this community everyone is welcome to post links and discuss topics related to privacy.
Some Rules
- Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
- Don't promote proprietary software
- Try to keep things on topic
- If you have a question, please try searching for previous discussions, maybe it has already been answered
- Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
- Be nice :)
Related communities
Chat rooms
-
[Matrix/Element]Dead
much thanks to @gary_host_laptop for the logo design :)
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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”.
The original article contains 419 words, the summary contains 198 words. Saved 53%. I'm a bot and I'm open source!