🚨 **Crypto Scandal Unfolds** 🚨

Ex-FTX engineering head, Nishad Singh, has made shocking revelations to CoinDesk about FTX's financial status. Claiming that FTX founder, Sam Bankman Fried (SBF), acknowledged an $8 billion discrepancy in the company's finances months before filing for bankruptcy. Singh alleges the gap stemmed from misusing user deposits for various purposes via Alameda Research. He also confessed, "I admit to participating in the crimes of FTX and Alameda Research executives. I defrauded my customers and investors." Singh disclosed his hefty monthly salary and bonuses while mentioning involvement of other top FTX execs in the scandal.

Investors, always exercise caution and stay informed!

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