Close Ally of FTX Founder Sam Bankman-Fried Pleads Guilty to Fraud

Posted on AllSides February 28th, 2023
From The Center
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A third member of FTX founder Sam Bankman-Fried’s inner circle pleaded guilty to fraud charges and agreed to assist federal prosecutors, expanding the pool of cooperating witnesses against the former head of the failed crypto exchange.

Nishad Singh, the company’s former director of engineering, pleaded guilty to six criminal counts, including conspiring to commit securities and commodities fraud, during a hearing Tuesday in federal court in Manhattan. 

“I’m unbelievably sorry for my role in all of this and the harm that it has caused,” Mr. Singh, 27 years old, told...

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