(Photo: Brent Lewin/Bloomberg) FTX Dealings Allegedly Took Place on Encrypted App Signal—Are They Gone Forever?
FTX CEO Sam Bankman-Fried allegedly participated in a Signal group chat named Wirefraud. With the rise in end-to-end encryption and ephemeral instant messaging apps, e-discovery professionals will have to get creative to procure data—if they can at all.
December 22, 2022 at 11:53 AM
5 minute read
Reality is stranger than fiction, and few instances showcase the sentiment better than the latest developments in the disgraced cryptocurrency exchange FTX's downfall.
Earlier this month, the Australian Financial Review revealed the alleged existence of a group chat titled Wirefraud. It apparently included the FTX CEO Sam Bankman-Fried and other top executives and was formed on the encrypted instant messaging app Signal to allegedly share secret information in the runup to the company's collapse last month.
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