Nishad Singh pleaded guilty to several counts of conspiracy charges early this year.
Nishad Singh, the former director of engineering at FTX, pleaded guilty to six conspiracy charges, including conspiracy to commit wire fraud, conspiracy to commit money laundering and conspiracy to violate federal campaign finances laws.
Singh is the third top executive and close confidante of FTX founder Sam Bankman-Fried to plead guilty and cooperate with prosecutors. Gary Wang, co-founder of FTX, and Caroline Ellison, the former head of FTX’s sister hedge fund Alameda Research, both pleaded guilty last year and are cooperating against Bankman-Fried.
Edit: Nishad knew by mid-2022 that Alameda was using FTX customer funds:
“I am unbelievably sorry for my role in all of this,” Singh said, adding that he knew by mid-2022 that Bankman-Fried’s hedge fund, Alameda Research, was borrowing FTX customer funds, and customers were not aware. Singh said that he would forfeit proceeds from the scheme. (Reuters)
Nishad Singh pleaded guilty to several counts of conspiracy charges early this year.
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Nishad is reported to have been very into EA.
Edit: Nishad knew by mid-2022 that Alameda was using FTX customer funds: