Nishad Singh, a former FTX’s engineering director, has reportedly pleaded guilty to six counts of criminal charges and agreed to cooperate with prosecutors to investigate the crypto exchange founder Sam Bankman-Fried. Singh admitted that he knew Alameda Research, which was Bankman-Fried’s hedge fund, was borrowing FTX customer funds without their knowledge. Singh is the third Bankman-Fried close associate to plead guilty and assist the probe. He is also facing civil lawsuits filed by the US Securities and Exchange Commission and the Commodity Futures Trading Commission.
Source: https://www.reuters.com
