Balanced News: FTX ex-engineering chief Nishad Singh pleads guilty to criminal charges

Nishad Singh, the former engineering head at FTX, has plead guilty to six charges, including conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to violate campaign finance laws. FTX spiraled into bankruptcy after the crypto exchange couldn’t meet customers’ withdrawal demands, and the crimes at FTX were vast in scope and consequence. Gary Wang and Caroline Ellison, the co-founders of FTX, have both plead guilty to federal charges in the Southern District of New York. Bankman-Fried has been charged with eight criminal accounts, including securities fraud and money laundering, and he’s released on a $250 million bond while awaiting trial.