Breaking News: Nishad Singh, former director of engineering at FTX, the bankrupt cryptocurrency exchange founded by Sam Bankman-Fried, agreed Tuesday to plead guilty to US criminal charges. The plea deal marks a significant development in the ongoing investigation into the collapse of FTX.

Nishad Singh, a former director of defunct cryptocurrency exchange FTX has pleaded guilty in the US to six criminal charges. They included three counts of conspiracy to commit fraud, adding substantial pressure on other key figures involved.

Nishad FTX co-founder and ex-engineering chief Nishad Singh pleaded guilty to six criminal fraud charges in Manhattan federal court on Tuesday, becoming the latest in Sam Bankman-Fried’s inner circle to cooperate with authorities. This plea could provide crucial insights into the inner workings of the alleged fraud.

According to reports, Nishad Singh, the former director of engineering at now-bankrupt cryptocurrency exchange FTX, pleaded guilty to six criminal fraud charges at a court hearing. The charges relate to his role in the mismanagement and misuse of customer funds.

A former top executive of failed cryptocurrency trading platform FTX pleaded guilty and is cooperating with federal prosecutors investigating the alleged billion-dollar fraud. Singh's cooperation is expected to shed light on the extent of the financial misconduct at FTX and the involvement of other executives. This is a developing story; further updates to follow.