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SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’

SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’

On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release SBF on bail with an ankle bracelet. Amid the lengthy court hearing reports detail that SBF’s parents Joseph Bankman and Barbara Fried attended the proceedings. Toward the end of the hearing, judge Ferguson-Pratt denied SBF’s request to be released on bail and remanded Bankman-Fried to the Bahamian jail until Feb. 8, 2023.

Bankman-Fried’s Media Tour Comes to an End, AFR Report Claims FTX Insiders Had a Secret Signal Chat Group Called ‘Wirefraud’

During the first week of November, the co-founder of FTX Sam Bankman-Fried’s (SBF) world turned upside down. It all started when Coindesk published an expose on SBF’s quantitative trading firm Alameda Research and the enormous balance of FTT tokens the company held. After the report, FTX and Alameda were under the spotlight and Binance’s CEO Changpeng Zhao (CZ) revealed his exchange would be dumping all of its FTT tokens.

These two events fueled speculation that FTX and Alameda were insolvent and on Nov. 8, 2022, Binance said it would purchase FTX after doing due diligence into the company’s financials. However, the deal never panned out, and at 4:00 p.m. (ET) on Nov. 9, 2022, the world’s largest crypto asset exchange by trade volume announced it would be backing out of purchasing FTX.

At this point in time, all the digital assets from FTX’s coffers were either withdrawn by customers (many of whom were Bahamas natives) or simply disappeared. Two days after Binance backed out of the deal, SBF announced that FTX and Alameda had filed for Chapter 11 bankruptcy protection, alongside roughly 130 associated companies.

SBF also revealed he had stepped down from his position as FTX’s CEO and John J. Ray III took the position in order to deal with the bankruptcy and restructuring process. Since the bankruptcy filing, SBF embarked on a media tour doing a large number of interviews, while a significant amount of troubling evidence was being reported by numerous media publications.

Prior to SBF’s arrest in The Bahamas, a report published by the Australian Financial Review (AFR) detailed that FTX’s SBF and his inner circle used a secret chat group called “Wirefraud.” AFR’s United States correspondent Matthew Cranston said “[AFR] has [learned] that FTX founders Sam Bankman-Fried and Zixiao ‘Gary’ Wang, along with FTX engineer Nishad Singh and former Alameda Research chief executive Caroline Ellison, used a chat group on Signal in the hope that the information would remain hidden.”

24 after the AFR report was published, Bankman-Fried was arrested. The FTX co-founder was also indicted by a federal grand jury in Manhattan, and charged with eight counts of financial fraud by the Southern District of New York (SDNY) prosecutor Damian Williams. SBF was further charged by the U.S. Securities and Exchange Commission (SEC) and sued by the Commodity Futures Trading Commission (CFTC).

SBF’s Legal Team Attempts to Get the Co-Founder out of Jail, Bahamian Judge Denies Bail, Disgraced FTX Co-Founder Gets Escorted out of Courthouse in Handcuffs

The same day, SBF appeared in court and his legal team attempted to get him released on bail. One report notes that Joseph Bankman and Barbara Fried, SBF’s parents, attended the court hearing. SBF’s mother allegedly laughed out loud every time her son was called a “fugitive,” and his father put his fingers in his ears. His lawyer, Mark Cohen, the attorney who represented Ghislaine Maxwell during her sex trafficking trial, attempted to get SBF released on $250,000 bail.

Cohen is quoted as saying that his client “suffered from depression, insomnia, and ADD for over a decade.” During the hearing, prosecutors argued that SBF was a “flight risk” due to all of his financial connections. However, judge Ferguson-Pratt did not seem swayed by the claims that said SBF suffered from alleged mental issues, and the fact that SBF had surrendered his passport.

Judge Ferguson-Pratt told the court that bail was denied and SBF was to remain in custody until his Feb. 8, 2023 court hearing. Following the decision, the New York Post reports that SBF lowered his head, and gave his parents a hug before being escorted out of the courthouse in handcuffs.

What do you think about SBF’s recent arrest and the accusations that say his inner circle were part of a secret chat group called “Wirefraud?” What do you think about the Bahamian judge denying SBF’s bail? Let us know what you think about this subject in the comments section below.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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