Nishad Singh, the former engineering director of the bankrupt cryptocurrency exchange FTX, is in agreement with US prosecutors. About Bankman-Fried (SBF) allegedly met.
According to Bloomberg’s report, which is based on people familiar with the subject. Nishad Singh, With prosecutors in the FTX case “in the bidding session” got together. Such meetings are usually designed to encourage the interviewee to speak freely. “limited immunity and privacy” Therefore, the meeting in question cannot be confirmed clearly yet.
Central to Singh’s deal, according to information provided by the source FTX and Bankman-Fried‘s various large donations to political campaigns contains information about. It is thought that if the court cooperates with Singh and finds the information he provides valuable, he will make a plea bargain. Singh is expected to receive much less punishment if the deal is done.
On the other hand, in the reports submitted to the court, Singh has stated that since 2020, Democratic Partypersonally to enterprises affiliated with from $9.3 million It looks like he donated a lot. The fact that Singh himself has made significant political donations over the years has the potential to help prosecutors better understand FTX’s political contributions. However, Singh had a long period with Bankman-Fried. housemate It is presumed that he did and had critical information.
Prosecutors or the court have yet to say anything about Singh. “abuse of office” Although he did not make the accusation, the US Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC) and prosecutors in the case recently confirmed that Singh A potential role in the FTX bankruptcy He said it could be and launched an investigation.