US Attorney’s Office in Talks With FTX Director Over Possible Plea Agreement

• Bloomberg reports that one of FTX founder Sam Bankman-Fried’s former confidants and roommates is in talks with the US Attorney’s Office of the Southern District of New York regarding a plea agreement.
• Nishad Singh, FTX’s former director of engineering, is said to have met with prosecutors in a „proffer session“ which often includes an offer of limited immunity in exchange for speaking freely.
• The latest prices in crypto markets, as of Jan. 10, 2023, according to CoinDesk Market Index (CMI) are 843 (+0.0 ▲ 0.0%), Bitcoin (BTC) at $17,229 (−3.1 ▼ 0.0%), Ethereum (ETH) at $1,326 (+9.5 ▲ 0.7%), S&P 500 futures at 3,896.00 (−17.8 ▼ 0.5%), and the FTSE 100 at 7,710.53 (−14.4 ▼ 0.2%).

On Jan. 10, 2023, Bloomberg reported that one of FTX founder Sam Bankman-Fried’s former confidants and roommates, Nishad Singh, is in talks with the US Attorney’s Office of the Southern District of New York regarding a possible plea agreement. Singh, who was FTX’s former director of engineering, is said to have met with prosecutors in a „proffer session.“ Such meetings often include an offer of limited immunity in exchange for the interviewee to speak freely. It is important to note that Singh has not been accused of any wrongdoing.

The latest prices in crypto markets, as of Jan. 10, 2023, according to CoinDesk Market Index (CMI), are 843 (+0.0 ▲ 0.0%), Bitcoin (BTC) at $17,229 (−3.1 ▼ 0.0%), Ethereum (ETH) at $1,326 (+9.5 ▲ 0.7%), S&P 500 futures at 3,896.00 (−17.8 ▼ 0.5%), and the FTSE 100 at 7,710.53 (−14.4 ▼ 0.2%).

This news comes on the heels of CoinDesk’s Markets team announcing its upcoming conference in Austin, Texas on April 26-28. The conference is set to be an important conversation in crypto and Web3 and is sure to be an event not to miss.

It’s clear that the crypto markets are ever-evolving, and staying up to date on the latest news is essential for any investor. CoinDesk’s daily newsletter First Mover is a great place to stay informed on the latest moves in crypto markets, as it puts them in context and keeps readers up to date.

It remains to be seen what will come of the plea agreement talks between Nishad Singh and the US Attorney’s Office, but one thing is certain—the crypto market is ever-changing and staying informed is key.