Nishad Singh, the former director of engineering at now-bankrupt cryptocurrency exchange FTX, pleaded guilty to U.S. criminal charges on Tuesday, and agreed to cooperate with prosecutors' investigation into FTX founder Sam Bankman-Fried.
He traveled back from the Bahamas shortly after FTX imploded in November in part to assist the U.S. investigation, prosecutor Danielle Sassoon said at Tuesday's hearing. He was released on $250,000 bond.
"He wants to do everything he can to make things right for victims, including by assisting the government to the best of his ability," Singh's lawyers, Andrew Goldstein and Russell Capone, said in a statement. The donations were illegal because they were made with "straw" donors or corporate funds, prosecutors said. They said Bankman-Fried directed another FTX executive, identified as CC-1, to donate more than $21 million to a pro-LGBT group.
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