Nishad Singh’s guilty plea is set to come after two of FTX founder Sam Bankman-Fried’s closest associates in December agreed to co-operate with prosecutors
Nishad Singh, the former director of engineering at now-bankrupt cryptocurrency exchange FTX, has agreed to plead guilty to U.S. criminal charges, his lawyer said in court on Tuesday, as U.S. prosecutors ramp up their investigation into members of Sam Bankman-Fried’s inner circle., FTX’s founder, was charged in December with eight counts of fraud and conspiracy.
Caroline Ellison, who was Alameda’s chief executive, and Gary Wang, who was FTX’s chief technology officer, pleaded guilty to seven and four criminal charges, respectively. Singh was a close friend of Bankman-Fried’s younger brother in high school, Bankman-Fried wrote in a deleted blog post. After working at Alameda, Singh became FTX’s director of engineering in 2019, according to CNBC.
“Be extra careful not to liquidate,” Singh wrote in a comment in the platform’s code, which was seen by Reuters.
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