The Securities and Exchange Commission charged Indian-origin engineer Nishad Singh, who was the co-lead engineer for FTX, and he decided to plead guilty to commodities fraud and other charges.
A 27-year-old Indian-origin engineer at a crypto asset trading platform has pleaded guilty to charges of commodities fraud.
Nishad Singh was the former co-lead engineer of FTX Trading Ltd. He is facing federal charges for his role in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform started by Singh along with Samuel Bankman-Fried and Gary Wang.
In December last year, federal authorities had charged Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX.
The Securities and Exchange Commission charged Singh Tuesday. In a parallel action, the US Attorney's Office for the Southern District of New York and the Commodity Futures Trading Commission (CFTC) also announced charges against Singh.
Singh entered a guilty plea as to co...
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