FTX’s ex-engineering director agrees to plead guilty to US criminal charges

Nishad Singh’s plea is set to come after two of Sam Bankman-Fried’s closest associates in December agreed to cooperate

Nishad Singh, the former director of engineering at now bankrupt cryptocurrency exchange FTX, has agreed to plead guilty to US criminal charges, his lawyer said in court on Tuesday, as US prosecutors ramp up their investigation into members of Sam Bankman-Fried’s inner circle.

Bankman-Fried, FTX’s founder, was charged in December with eight counts of fraud and conspiracy. Prosecutors say he stole billions in FTX customer deposits to plug losses at his hedge fund Alameda Research, and lied to investors and lenders about his companies’ financial condition.