Former FTX_Official Director of Engineering Nishad Singh, who worked with founder SBF_FTX, recently pleaded guilty to six criminal charges. Former executives Caroline Ellison and Gary Wang have pleaded guilty to fraud charges tied to FTX's collapse.
, ranging from bank fraud to securities and commodities fraud to conspiracy to commit money laundering. He has pleaded not guilty and faces a trial this fall.
His fellow former executives Caroline Ellison, who used to helm prop trading shop Alameda Research, and Gary Wang, an FTX co-founder,In a statement, Singh's lawyers said, “Nishad is deeply sorry for his role in this and has accepted responsibility for his actions. He wants to do everything he can to make things right for victims, including by assisting the government to the best of his ability in this case.
Prosecutors have alleged FTX used Alameda's bank accounts to accept customer deposits, knowing banks would not want to provide services to a crypto exchange. Other allegations included in an indictment of Bankman-Fried include claims the former FTX CEO and his colleagues used both encrypted and ephemeral messaging platforms to communicate,"thereby preventing regulators and law enforcement from later obtaining a record" of these communications.FTX collapsed in November after ashowed Alameda held an unusually large amount of FTT tokens, which were issued by FTX.
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