NEW YORK :Nishad Singh, the former director of engineering at now-bankrupt cryptocurrency exchange FTX, pleaded guilty to six U.S. criminal charges at a court hearing on Tuesday, as U.S. prosecutors ramp up their investigation into members of Sam Bankman-Fried's inner circle. Singh pleaded guilty to one count
NEW YORK :Nishad Singh, the former director of engineering at now-bankrupt cryptocurrency exchange FTX, pleaded guilty to six U.S. criminal charges at a court hearing 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. In new charges filed against Bankman-Fried last week, prosecutors said he conspired with two other former FTX executives to donate tens of millions of dollars to influence lawmakers to pass legislation favorable to the company.
Singh's plea came after two of Bankman-Fried's closest associates in December agreed to cooperate with prosecutors. 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.
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