Federal prosecutors are probing whether former FTX Director of Engineering Nishad Singh played any role in trading schemes that resulted in the illicit use of customers' funds, Bloomberg first reported.
Additional agencies including the Securities and Exchange Commission and the Commodity Futures Trading Commission are also investigating Singh, Bloomberg reported, citing sources familiar with the issue.
Although Singh has yet to be officially charged for any crimes related to the FTX case, if prosecutors find a connection he may face charges as soon as this month, Bloomberg said.
Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.
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