The former chief engineer of FTX wants a deal with the US authorities: Report

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In contrast to the executives of the FTX Group, Caroline Ellison and Gary Wang, who were guilty of the investigation, the former chief engineer of the no longer existing crypto exchange-were not raised.

However, as already reported by cryptopotato singhs github, the secret Korean account seemed to be connected by FTX, which was supposedly used to obscure the liabilities and dubious practices of the stock exchange.

It had the same privileges as Alameda's trading account, such as: B. Exceptions of some of the "stricter" risk management guidelines that apply to FTX.

Plea deal may be on the table

Unfortunately, for Singh, the chickens seem to have come home to settle down. According to Bloomberg, the former FTX manager is currently in discussions with the public prosecutor's office in Sdny.

Singh reported that Singh reported in an offer meeting - which means that the invited party, although she is not charged, in exchange for a semi -formal discussion that would enable the court to determine whether it has information that could be useful for the public prosecutor's office.

If it turns out to be helpful, this would enable the court to complete a plea deal with Singh in return for his cooperation.

According to Sarah Paul, a former prosecutor at Manhattan Court, possible witnesses are encouraged to appear voluntarily as soon as possible so that they receive more of the dishes than usual.

"The first person in the door often has a much greater chance than being accepted because there is usually a greater need for their statement."

was already within reach, in contrast to political donations

While Caroline Ellison and Gary Wang guilty of fraud and cooperate with the authorities on this matter, the accusations of money laundering by donations for political campaigns have not achieved much.

Since Singh reports himself a great philanthropic and donor, it is possible that his preliminary cooperation with the US authorities will focus on this page of the legal procedure.

Singh financed democratic candidates in the last election cycle with $ 8 million. Interestingly, one of the biggest donations-$ 1 million to be precise-went to Mind the Gap, a campaign committee founded by Bankman-Fried's mother.

It is unclear whether this could be a conflict of interest - it would definitely be a point of interest for the prosecutors of Sdny.

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