Bloomberg: Former FTX CTO intends to make a deal with investigators

Another of the former top managers of the bankrupt cryptocurrency exchange FTX intends to cooperate with the US Attorney's Office for the Southern District of New York in the investigation of the case. Former FTX CTO Nishad Singh, who has not previously been charged with wrongdoing, has been invited to attend US Attorney's Office for the Southern District of New York in the case of the former head of the site, Bloomberg reports, citing sources close to the litigation. Sam Bankman-Fried (Sam Bankman-Fried). Prosecutors accuse Bankman-Fried of laundering clients' funds through political and charitable donations, and Nishad Singh was asked to share his knowledge with prosecutors in exchange for limited immunity. Recall that the director of the hedge fund FTX Alameda Research Caroline Ellison (Caroline Ellison) and FTX co-founder Gary Wang have already pleaded guilty to fraud and began to cooperate with the authorities. Following the public announcement of Allison and Wang's decision, US Attorney Damian Williams issued a warning to those from whom prosecutors had not yet received a response. “If you have been involved in misconduct at FTX or Alameda, now is the time to report it.. We are moving quickly and our patience is not forever,” Williams said. Singh's participation in the prosecutor's meeting does not automatically imply an agreement on cooperation with law enforcement agencies. Prosecutors must weigh the value of Singh's information before deciding whether to offer him a deal that would allow him to plead guilty and cooperate in exchange for limited immunity. Last week, another hearing on the case of the former head of FTX took place in federal court in Manhattan, where he denied all prosecutors' charges against him in connection with the collapse of the exchange.