Sam Bankman-Fried, co-founder of cryptocurrency derivatives exchange FTX, arrives in court in New York, U.S., Thursday, Feb. 16, 2023.

Yuki Iwamura | Bloomberg | Getty Images

Former FTX engineering chief Nishad Singh pleaded guilty to criminal charges in New York on Tuesday, becoming the latest member of Sam Bankman-Fried’s former management team to agree to a deal.

The six charges against Singh include conspiracy to commit securities fraud, conspiracy to commit money laundering and conspiracy to violate corporate finance laws. FTX went bankrupt in November after the crypto exchange founded by Bankman-Fried failed to meet customer withdrawal demands.

Prior to Singh’s guilty plea, FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison pleaded guilty in December to federal charges in the Southern District of New York.

Alameda was a hedge fund and trading firm also controlled by Bankman-Fried. Prosecutors allege that customer deposits at FTX were funneled through a subsidiary of Alameda, which faced billions in investment losses.

In December, Bankman-Fried was indicted on eight felony counts, including securities fraud and money laundering. He was indicted last week on four additional charges, including one related to goods fraud and illegal political donations. He was released on $250 million bail pending trial.

A spokesman for Bankman-Fried declined to comment.

Two of the charges against Singh are related to wire fraud and the other is related to conspiracy to defraud goods.

This is a developing story. Check for updates.

— CNBC’s David Zuckerman contributed to this report.

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