Several major FTX executives have already flipped on Sam Bankman-Fried.
A key FTX executive reportedly met with the feds last week, adding another headache for Sam Bankman-Fried as former colleagues line up to flip on the disgraced ex-billionaire.
Proffer sessions usually serve as a precursor to more substantial cooperation agreements, with participants receiving limited legal immunity in exchange for spilling dirt. Singh was close friends in high school with Bankman-Fried’s brother, Gabriel. Before joining FTX, Singh worked at Bankman-Fried’s cryptocurrency hedge fund, Alameda Research.. Alameda shuttered in November as FTX and more than 100 affiliates declared bankruptcy.Like Bankman-Fried, Singh was also a Democratic mega-donor ahead of the 2022 midterm elections. He pledged more than $9 million to Democratic causes, according to data compiled by OpenSecrets.
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