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<h2 id="header-0">The crypto community initially anticipated that the FTX collapse would be a one-week story, but the incident turned out to be a months-long disaster. Every day, the FTX investigation discloses a new surprise element or reveals a whole new chapter.</h2>In line with this, on Dec 13 a Twitter handle, which provides news related to the crypto market, revealed that members of FTX&#39;s inner circle formed a chat group dubbed &#34;Wirefraud.&#34;Reports noted that the group was created on the Signal platform owing to security concerns, and its members include Sam Bankman-Fried, Zixiao Gary Wang, engineer Nishad Singh, and Alameda Research CEO Caroline Ellison.As per the tweet, the group was initially used to send sensitive information about operations in the run-up to the company&#39;s dramatic collapse. The news comes just one day before a Congressional hearing in the United States on the <a href="https://www.coingabbar.com/en/crypto-blogs-details/binance-backed-off-ftx-drama-looks-similar-to-twitter" rel="noopener noreferrer nofollow">FTX collapse</a>.However, SBF responded to the tweet by saying, &#34;If this is true, I wasn&#39;t a member of that inner group. I&#39;m rather certain it&#39;s fake; I&#39;ve never heard of such a group.&#34;Furthermore, this was SBF&#39;s last tweet before getting arrested in the Bahamas. As per reports, the FTX founder is facing charges of wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering.<h3 id="current-state-of-ftx-investigation">Current State of FTX Investigation</h3>On Dec 13, Sam Bankman-Fried was scheduled to <a href="https://www.coingabbar.com/en/crypto-currency-news/virtual-testimony-ftx-founder-avoiding-arrest" rel="noopener noreferrer nofollow">testify remotely</a> before the House Financial Services Committee. However, following his detention, the hearing will be attended by the current CEO of FTX John J. Ray III.In his testimony, Ray will explain how FTX US did not operate independently from the main corporate entity. However, all of this clearly implies that the situation for SBF and FTX users will become worsen over time.What do you think, will this news add some spice to the ongoing FTX investigation? Share your thoughts in the comment section below.Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news/dexs-outpacing-cexs-by-releasing-key-upgrades-to-defi-services" rel="noopener noreferrer nofollow">DEXs Outpacing CEXs by Releasing Key Upgrades to DeFi Services</a>

Scraps from FTX ‘Wirefraud’ Group Chat

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