Another member of Bankman-Fried’s inner circle nears a plea deal in FTX probe

02/17 23:55

According to Bloomberg, another former member of Sam Bankman-Fried’s inner circle is planning to plead guilty to US criminal charges over his role in an alleged multiyear fraud at collapsed crypto exchange FTX. Nishad Singh has been hammering out a deal with Manhattan prosecutors as they prepare to file fraud charges against him, according to people familiar with the matter. Such an agreement could involve cooperating with authorities and further isolate Bankman-Fried, who has pleaded not guilty to an eight-count indictment and is awaiting trial. The deal with Singh still has to be finalized.
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