FTX’s Nishal Singh Pleads Guilty to Fraud Charges
Former engineering director Nishad Singh admitted six charges, which included three counts of conspiracy to commit fraud on Tuesday.
The plea comes after FTX founder Sam Bankman-Fried has been accused of 12 criminal charges, which he denies.FTX filed for bankruptcy last year, leaving many users unable to withdraw their funds.
Prosecutors have said the fall was caused by a massive scheme run by Mr. Bankman-Fried, who has been released on $250m while awaiting trial.
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