Nishad Singh, the former head of engineering at collapsed cryptocurrency exchange FTX, is set to plead guilty with federal prosecutors. Singh, who first worked at Alameda before moving to FTX itself, would be the third high-level employee to cooperate with the government, after Alameda’s CEO Caroline Ellison and FTX co-founder Gary Wang pleaded guilty in December.
Last week, when US regulators sued Do Kwon and Terraform Labs over the implosion of TerraUSD (UST), an unnamed trading partner that booked $1.28 billion in profits before Terra’s collapse was named. People familiar with the matter now say that the unnamed firm is Jump Crypto.
Leading non-fungible token (NFT) marketplace OpenSea has temporarily eliminated its marketplace fee as its battle for market share with the popular no-fee marketplace Blur heats up.
Top stories in the Crypto Roundup today:
- Former FTX Exec to Plead Guilty
- Jump Trading Revealed to Be Firm That Made $1.28 Billion From Terra Ecosystem
- NFT Marketplace OpenSea Temporarily Eliminates Fees
- Liquid Staking Derivative Tokens Soared in January