Former FTX Engineering Director Nishad Singh Pleads Guilty to Fraud Charges

Former FTX Engineering Director Nishad Singh Pleads Guilty to Fraud Charges

• Nishad Singh pleaded guilty to all six criminal charges.
• He said he was “incredibly sorry†for his role in the FTX debacle.
• Singh agreed to cooperate with prosecutors.

Nishad Singh, the former director of engineering at the bankrupt crypto exchange FTX, pleaded guilty to multiple criminal charges on Tuesday.

According to Reuters, Singh pleaded guilty to one count of wire fraud, three counts of conspiracy to commit fraud, one count of conspiracy to commit money laundering, and one count of conspiracy to defraud the United States by violating campaign finance laws.

Singh also got sued by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), who filed civil lawsuits against Singh.

“I am unbelievably sorry for my role in all of this,†Singh said. He…

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