Ex-FTX Director Nishad Singh Faces Probe by Prosecutors, Sentencing Looms

Nishad Singh, the former engineering director of FTX, faces a critical moment as prosecutors delve deeper into his involvement in the crypto exchange's collapse. He now faces sentencing for his role in FTX's $8 billion fraud. Recent reports highlight that Federal prosecutors are currently examining if Singh was involved in the illicit trading schemes surrounding Alameda Research.

Singh pleaded guilty to six felony counts, aiding in Bankman-Fried’s conviction. Singh's cooperation with authorities is considered key in understanding the intricate web of deception that led to FTX's downfall. Another top executive at collapsed cryptocurrency firm FTX has pleaded guilty to criminal charges in the US. Former FTX engineering director Nishad Singh pleaded guilty in court on Tuesday to six charges relating to his role in the cryptocurrency platform's dramatic collapse. A former top executive of failed cryptocurrency trading platform FTX pleaded guilty and is cooperating with federal prosecutors investigating the alleged billion-dollar fraud.

Nishad Singh, the former engineering director of FTX, has formally requested leniency from a U.S. federal judge in Manhattan as he faces sentencing for his involvement in the scandal. Nishad Singh, the former engineering director at now-defunct crypto exchange FTX, has reportedly said he “hopes for no jail time” as part of an agreement with prosecutors. The outcome of his sentencing and the ongoing investigation will likely have significant ramifications for other individuals implicated in the FTX scandal.