The former head of engineering at the collapsed cryptocurrency exchange FTX is nearing a plea deal with federal prosecutors, according to people familiar with the matter, potentially bolstering the criminal case against founder Sam Bankman-Fried.
Nishad Singh, who worked at FTX’s affiliated trading platform Alameda and then at FTX itself, would be the third high-level employee to co-operate with the government, after former Alameda chief Caroline Ellison and FTX co-founder Gary Wang pleaded guilty to several charges in December.
News of the impending plea agreement with Singh was first reported by Bloomberg.
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