As the investigation into FTX continues, the crypto exchange’s former engineering chief, Nishad Singh, followed former FTX and Alameda Research executives Gary Wang and Caroline Ellison by reportedly meeting with federal prosecutors to cut a deal.
Singh attended a proffer session during the week of Jan. 2 at the office of the United States Attorney for the Southern District of New York. Individuals may be granted limited immunity to share their knowledge with prosecutors at such meetings. Prosecutors likely sought to determine if Singh has valuable information to offer in the lawsuit against FTX founder Sam Bankman-Fried, according to a Jan. 10 Bloomberg report.
Bankman-Fried also faces campaign finance violations and prosecutors are interested in Singh’s knowledge about FTX’s political donations.
Singh made significant political donations over the years and could help prosecutors gain a better understanding of FTX’s political activities.
His cooperation could lead to him entering a plea deal if his information is determined to be valuable.
Singh could join Wang and Ellison as the latest FTX-linked executive to reach an agreement with federal prosecutors.
After Wang and Ellison entered pleas, U.S. Attorney Damian Williams issued a warning in December 2022 to those who participated in the misconduct at FTX and Alameda, saying, “come see us before we come to see you.”
It was reported on Jan. 5 that the United States Securities and Exchange…
