Former engineering director Nishad Singh, who played a critical role in the FTX bankruptcy, admitted to three different fraud allegations against him.
Reuters reported on February 28 that Nishad Singh had secured a confession agreement with prosecutors dealing with the FTX case. According to the latest information provided by Singh’s lawyer, his client’s one time cryptocurrency scamone time Conspiracy to commit cryptocurrency scams on FTX customers and once conspiracy to commit commodity fraud He was declared to have pleaded guilty.
pleaded guilty to federal fraud charges in December. FTX former chief technology officer Gary Wang and former CEO of Alameda Caroline EllisonFollowing in the footsteps of Singh, thanks to his confessions, he hopes to receive a remission from the court.
These names, who played an important role in the FTX bankruptcy, accepted the accusations in order to protect their own interests. Sam Bankman Fried (SBF) in the next court process evidence to be used against seen as.
on behalf of SBF US Department of Justice (DOJ) opened by “fraud” The case is scheduled to be heard in October. Then SBF, Commodity Futures Trading Commission (CFTC) And Securities Exchange Commission (SEC) will be involved in the litigation processes filed by