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Former FTX Executive to Help Prosecute ex-CEO Sam Bankman-Fried

Former FTX Executive to Help Prosecute ex-CEO Sam Bankman-Fried

A former top executive at FTX, Nishad Singh, met with prosecutors in New York US Attorney’s Office, Southern District. Singh provided evidence against the ex-CEO of FTX, Sam Bankman-Fried.

The former director of engineering of the collapsing exchange was encouraged to speak freely with authorities as he was offered limited immunity. According to multiple sources, Singh hasn’t been accused of involving in any wrongdoing.

However, authorities believe Singh may hold valuable information on how Sam Bankman-Fried violated countless federal laws. If the deal is made, Singh will become the third ally, alongside Gary Wang and Caroline Ellison, to agree to cooperate with the ongoing investigation into FTX and Sam Bankman-Fried.

Proof of Work vs Proof of Stake: Which is Better? (ANIMATED)

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Proof of Work vs Proof of Stake: Which is Better? (ANIMATED)

Proof of Work vs Proof of Stake: Which is Better? (ANIMATED) Proof of Work vs Proof of Stake: Which is Better? (ANIMATED)

In December, FTX's former chief technology officer and the CEO of FTX subsidiary trading firm, Alameda Research, both pleaded guilty to the charges.

Sam Bankman-Fried is charged with eight criminal charges, which include defrauding and conspiracy against US finance campaign laws. According to multiple resources, he already made a $40 million donation to political campaigns before the 2022 US midterm elections.

Authorities hope that Singh can provide information regarding the FTX’s stand in political campaigns, as the former executive himself has donated over $9.3 million to Democratic candidates since 2020. He also donated $1 million to a political action committee called Mind the Gap in April 2021.

The US Attorney's Office and the lawyer Andrew D. Goldstein did not instantly respond to requests for comment as well Nishad Singh.

In other news, FTX's $40 million lavish expense on food, accommodation and more was revealed in court filings.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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