Compartir este artículo
BTC
$93,197.58
+
0.51%ETH
$1,768.01
-
0.09%USDT
$1.0003
+
0.02%XRP
$2.1841
-
0.15%BNB
$604.28
+
0.08%SOL
$151.33
+
2.03%USDC
$1.0000
+
0.01%DOGE
$0.1805
+
4.16%ADA
$0.7114
+
4.23%TRX
$0.2440
+
0.32%SUI
$3.3681
+
12.65%LINK
$15.02
+
3.44%AVAX
$22.07
+
0.48%LEO
$9.2541
+
0.66%XLM
$0.2759
+
4.99%SHIB
$0.0₄1395
+
5.58%TON
$3.2189
+
2.63%HBAR
$0.1864
+
4.85%BCH
$361.05
-
0.83%LTC
$83.99
+
1.90%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Former FTX Executive Nishad Singh Planning to Plead Guilty to Fraud: Bloomberg
Singh, the former engineering director for the collapsed crypto exchange, was a member of Bankman-Fried’s inner circle.
Nishad Singh, the former director of engineering for collapsed crypto exchange FTX, is planning to plead guilty to fraud charges for his role in the alleged scheme, according to Bloomberg.
Bloomberg reported Singh’s plea deal with the federal prosecutors’ office in New York has not yet been finalized, and it was not immediately clear what the outcome of the plea deal would be for Singh.
La Suite Ci-Dessous
If Singh takes a plea deal, he will join the ranks of other members of Sam Bankman-Fried’s inner circle, including former Alameda CEO Caroline Ellison and Gary Wang, FTX co-founder and former chief technology officer, who are cooperating with prosecutors in their case against the former FTX CEO. Bankman-Fried has pleaded not guilty to eight felony charges, and is set to go on trial in the fall.
The Department of Justice did not immediately return a request for comment.
Singh is also reportedly facing potential charges from regulators, including the Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) for his role in the scheme.
According to filings from the FTX bankruptcy estate headed by John Jay Ray III, Singh received a $543 million personal loan from Alameda Research.
Singh, 27, is a graduate of the University of California at Berkeley, where he met his longtime girlfriend, Claire Watanabe, who would later join FTX as its head of marketing and HR. The pair resided in the luxurious Bahamas penthouse with Bankman-Fried, Ellison, Wang and Singh and Watanabe's goldendoodle dog.
Like Bankman-Fried, Ellison and Wang, Singh was an ardent supporter of effective altruism, and the quartet comprised the board of the FTX Foundation.
Cheyenne Ligon
On the news team at CoinDesk, Cheyenne focuses on crypto regulation and crime. Cheyenne is originally from Houston, Texas. She studied political science at Tulane University in Louisiana. In December 2021, she graduated from CUNY's Craig Newmark Graduate School of Journalism, where she focused on business and economics reporting. She has no significant crypto holdings.
Tracy Wang
Tracy Wang was the deputy managing editor of CoinDesk's finance and deals team, based in New York City. She has reported on a wide range of topics in crypto, including decentralized finance, venture capital, exchanges and market-makers, DAOs and NFTs. Previously, she worked in traditional finance ("tradfi") as a hedge funds analyst at an asset management firm. She owns BTC, ETH, MINA, ENS, and some NFTs. Tracy won the 2022 George Polk award in Financial Reporting for coverage that led to the collapse of cryptocurrency exchange FTX. She holds a B.A. in Economics from Yale College.
