Nishad Singh, former director of engineering at failed crypto exchange FTX, pleaded guilty to six criminal counts on Tuesday, including wire fraud, money laundering, and conspiracy to make unlawful political contributions. He was released on a $250,000 bond.
Speculation mounted that Singh was working with U.S. prosecutors after Bloomberg reported in mid-February that Singh was planning to plead guilty. Last week, prosecutors filed superseding charges in their ongoing criminal case against FTX founder Sam Bankman-Fried, with new information about an individual described as “coconspirator-1”—widely believed to be Singh.
