Nishad Singh, the former engineering director of the bankrupt cryptocurrency exchange FTX, has been investigated for its potential role in the stock market crash.
As the FTX investigation continues in bankruptcy court, authorities keep their eyes on the former engineering director of FTX. Nishad Singhturned to . According to a recent report by Bloomberg, the United States Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and prosecutors in the case said Singh A potential role in the FTX bankruptcy He said it could be.
Citing this potential, authorities said Singh an investigation has been initiated reported. Examining the past crediting reports of the institutions, the officials gave Nishad Singh a total of $543 million stated that the loan was given.
According to the latest information from FTX SBF and wang‘s, from Alameda Research Caroline Ellison and the secret chat group ‘with some officials’wirefraudin Singh was also included. Also, during his time at FTX, Singh BahamasHe lived with other employees of the company in .
Documents that emerged during the litigation continue to reveal the credit exchange between FTX and Alameda. SBF, HOOD FTX’s sister company to buy the stock Alameda Researchfrom $546 million He admitted he had financed it. These shares were subsequently sold and purchased by Alameda. BlockFiIt turned out that it was shown as collateral for borrowing from .
CEO Caroline Ellison and FTX co-founder Wang, who are part of the secret group in question, agreed with prosecutors in December that they admitted to committing fraud.