FTX Employee Nishad Singh Reportedly Inches Closer to Plea Deal

• FTX’s Nishad Singh is reportedly approaching a plea deal with U.S. prosecutors.
• The CFTC and SEC reportedly plan to file charges against him as well.
• This could be related to the criminal case against Sam Bankman-Fried, the co-founder and former CEO of FTX.

FTX’s Nishad Singh Approaches Plea Deal

FTX’s former director of engineering, Nishad Singh, is reportedly in talks with U.S. prosecutors to enter a plea deal. Reports from Bloomberg News suggest that Manhattan prosecutors are preparing to file charges against Singh, which could provide assistance in the criminal case against Sam Bankman-Fried, the co-founder and former CEO of FTX. Additionally, the CFTC and SEC may also be filing charges against Singh in connection with this matter.

Previous Developments

Previously on Jan 10th, similar reports from Bloomberg suggested that Singh had discussed a cooperation deal that was likely to lead to a plea deal later down the line; however at this time he was not accused of any wrongdoing yet. The U.S Attorney’s Office for Southern District of New York is responsible for overseeing this investigation which began back on Jan 5th when authorities commenced their investigations into Singh’s activities such as developing software used to transfer funds between FTX and Alameda Exchange as well as his involvement in campaign financing .

Plea Deal Expected

At this point it appears that Nishad singh plans to reach a plea deal with authorities as his last two former colleagues have already done so before him – Caroline Ellison who served as FTX’s former Alameda Research CEO pled guilty in December alongside Gary Wang another co-founder of FTX who also reached an agreement with authorities at that time . Both individuals are now said to be cooperating authorities regarding their case against Sam Bankman-Fried , awaiting trial .

Official Statements

Neither the CFTC or SEC have publicly confirmed Bloomberg’s statements at this time but it appears they are both taking part in these proceedings via their respective enforcement actions .


In conclusion , there seems to be mounting evidence suggesting that Nishad sing will soon reach a plea deal with US prosecutors after relatively recent developments from January 5th where he was initially not accused of any wrong doings . His two colleagues have already entered agreements with authorities so it looks like he’ll follow suit shortly .