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Singh could be charged as soon as this month if federal prosecutors in Manhattan find he played a role in the alleged multiyear scheme at FTX and trading firm Alameda Research to defraud investors and clients, the report added.
Authorities have not accused Singh of wrongdoing. It was not clear if Singh was cooperating with U.S. officials, the report said.
A spokesman for the U.S. Attorney’s office in Manhattan declined to comment.
The Securities and Exchange Commission and the Commodity Futures Trading Commission are also probing Singh, the report said, citing a source.
A lawyer for Singh, Andrew D. Goldstein, did not immediately reply to a request for comment. The SEC and CFTC did not immediately respond to requests for comment. Lawyers for Bankman-Fried did not immediately respond to a request for comment.
In mid-2020, Singh had tweaked the cryptocurrency exchange’s software to exempt Alameda Research, a hedge fund owned by Bankman-Fried, from a feature on the trading platform that would have automatically sold off Alameda’s assets if it was losing too much borrowed money, Reuters reported last month.
