On Feb. 28, Nishad Singh, the former head of FTX engineering, announced a clear civil charge against her, the same day she surrendered to three criminal fraud charges in Manhattan District Court. Both the Securities and Exchange Commission and the Commodity Futures Trading Federation have filed charges against it.

It is reported that Singh pleaded guilty to one count of telecom network fraud, one charge of colluding to execute telecom network fraud against FTX customers, and one charge of colluding with the execution of commodity spot fraud in the US District Court of the Southern District of England.

CFTC indicated that it was accusing Singh of embezzlement of funds for fraud and aiding and abetting individual fraud committed by Samuel Bankman-fried, FTX and the Alameda Research Center. SEC's civil indictment alleges that Singh violated the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. According to the American Securities and Exchange Federation:

Singh you also know, or recklessly unclear, more comprehensively, that Bankman-Fry often runs these businesses (FTX and Alameda Research), regardless of responsible corporate control and moderate behavior.

According to the agency, Singh did not challenge CFTC's allegations and has agreed to enter the proposed permit. According to SEC, Singh has already agreed to a two-part settlement, adding some standards to her, but still need to obtain court permission. "he will be permanently prohibited from violating the Federal Securities Act, the above restrictions based on violations and the restrictions of his management and executive directors," SEC said. "

The court will also determine whether he will be punished by "illegal gains plus pre-award liquidated damages and interest / or civil action punishment".

Former FTX CEO Nick Bankman-Fried, former Alameda ResearchCEO Caroline Ellison and former FTX technical director Gamojing have only been sued by SEC and CFTC. Ellison and Wang have reached an agreement with SEC, but are willing to try the CFTC case again. The Securities and Exchange Commission and the Commodity Futures Trading Federation were left idle in the Bankman-Fried case until its criminal trial was completed.