Former FTX Executive Is 3rd to Plead Guilty in Cooperation Deal
NEW YORK—The former engineering director at FTX pleaded guilty to charges including conspiracy and wire fraud Tuesday, becoming the third executive from the collapsed cryptocurrency giant to strike a cooperation deal with prosecutors building a case against the company’s founder, Sam Bankman-Fried.
The plea by Nishad Singh, 27, in what authorities have labeled one of the biggest frauds in history, encompasses charges that carry potential penalties of up to 75 years in prison if he fails to fully cooperate, including by testifying at any trials.
Singh’s plea “underscores once again that the crimes at FTX were vast in scope and consequence,” U.S. Attorney Damian Williams said in a statement….