by Jody Godoy and Luc Cohen at Reuters
Nishad Singh, the former director of engineering at now-bankrupt cryptocurrency exchange FTX, pleaded guilty to U.S. criminal charges on Tuesday, and agreed to cooperate with prosecutors’ investigation into FTX founder Sam Bankman-Fried.
“I am unbelievably sorry for my role in all of this,” Singh said, adding that he knew by mid-2022 that Bankman-Fried’s hedge fund, Alameda Research, was borrowing FTX customer funds, and customers were not aware. Singh said that he would forfeit proceeds from the scheme.
Bankman-Fried, FTX’s founder,…
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