NEW YORK :Nishad Singh, the former director of engineering at now-bankrupt cryptocurrency exchange FTX, has agreed to plead guilty to U.S. fraud 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. Singh has agreed to p
NEW YORK :Nishad Singh, the former director of engineering at now-bankrupt cryptocurrency exchange FTX, has agreed to plead guilty to U.S. fraud 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.
He has pleaded not guilty. Federal prosecutors in Manhattan have repeatedly urged people with knowledge of wrongdoing at FTX to come forward. FTX's former top lawyer, Daniel Friedberg, has also cooperated with prosecutors, but has not been told he is under criminal investigation, a person familiar with the matter told Reuters in early January.
In 2020, Singh tweaked FTX's software to exempt Alameda from having its assets sold automatically if it were losing too much borrowed money, Reuters reported in December. The U.S. Securities and Exchange Commission, which filed civil fraud charges against Bankman-Fried, has said the code change gave Alameda a"virtually unlimited line of credit" at FTX.
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