‘The noose is tightening’: Sam Bankman-Fried’s inner circle turns on him
Former FTX Director of Engineering Nishad Singh pleaded guilty to six counts on Tuesday, including wire fraud, commodities and securities fraud, money laundering and unlawful political donations. A third member of FTX founder Sam Bankman-Fried's inner circle pleaded guilty to criminal charges.
Singh, a co-founder of FTX and close confidant of Sam Bankman-Fried, has also agreed to cooperate with the Justice Department’s criminal investigation. He follows former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang. Each pleaded guilty in December to crimes linked to the crypto behemoth. As the pool of potential witnesses grows, new details are revealed in court filings and Bankman-Fried faces new charges, he himself could consider a plea deal with prosecutors. Each pleaded guilty in December to crimes linked to the crypto behemoth.
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