FTX ex-engineering head Nishad Singh pleads guilty to criminal charges, becoming the latest member of Sam Bankman-Fried’s former leadership team to agree to a deal.
FTX spiraled into bankruptcy in November after the crypto exchange, founded by Bankman-Fried, couldn’t meet customers’ withdrawal demands.
Prior to Singh’s guilty plea, FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison bothAlameda was a hedge fund and trading firm also controlled by Bankman-Fried. Prosecutors allege that customer deposits at FTX were sent to sister company Alameda, which faced billions of dollars in investment losses.
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FTX Co-Founder Nishad Singh Pleads Guilty to Fraud ChargesFTX’s co-founder and former director of engineering agreed to cooperate against his former boss, Sam Bankman-Fried, making him the third person in the FTX founder’s orbit to do so.
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FTX's Singh agrees to plead guilty to U.S. criminal charges, lawyer saysNishad Singh, the former director of engineering at now-bankrupt cryptocurrency exchange FTX, has agreed to plead guilty to U.S. criminal charges, his lawyer said in court on Tuesday, as U.S. prosecutors ramp up their investigation into members of Sam Bankman-Fried's inner circle.
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Disgraced FTX founder Sam Bankman-Fried has another big problem: He won't shut upMost white-collar defendants lay low, but the ex-CEO of the collapsed cryptocurrency exchange FTX has been talking, tweeting, and sending email newsletters. Those comments could come back to hurt him.
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Disgraced FTX founder Sam Bankman-Fried has another big problem: He won't shut upMost white-collar defendants lay low, but the ex-CEO of the collapsed cryptocurrency exchange FTX has been talking, tweeting, and sending email newsletters. Those comments could come back to hurt him.
Lire la suite »
Binance’s Asset Shuffling Eerily Similar To Maneuvers By FTXIn its latest backroom maneuver, Binance transferred $1.8 billion in stablecoin collateral to hedge funds, including Alameda and Cumberland/DRW, leaving its other investors exposed.
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