Nishad Singh served as director of engineering at FTX. He held a 7.8% stake in the company, and received a personal loan of $543 million dollars from Alameda. Today, we know that money came directly from FTX customer deposits.
Earlier this month, Singh was listed as one of the 4 participants in a Signal group chat titled "Wirefraud". The chat was reportedly used by FTX and Alameda execs to coordinate their criminal activities.
It was also revealed that investigators had found a Github account in Singh's name that had been used to host code created for the sole purpose of hiding Alameda's debts.
Last week, SDNY attorney Damian Williams urged anyone who participated in wrongdoing at FTX to "come and see us before we come and see you." With 3 of the 4 Wirefraud group chat participants having been arrested and processed, will prosecutors now focus their attention on Nishad Singh? We can only hope.
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