Authorities at the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, as well as prosecutors, are investigating former FTX engineering director Nishad Singh for his role in defrauding investors and users, Bloomberg reported. Singh could be indicted this month if federal prosecutors in Manhattan find he was involved in an alleged multiyear scheme by FTX and Alameda Research to defraud investors and clients, a person familiar with the matter said.

Singh, who previously lived in a Bahamas penthouse with former FTX CEO Sam Bankman-Fried (SBF) and was a high school friend of SBF's younger brother, had reportedly joined Caroline Ellison, SBF and Gary Wang in " Wirefraud” chat group, which allegedly discussed illicit financial connections between FTX and Alameda. It was unclear whether Singh, who has not been charged with wrongdoing, is or will be cooperating with U.S. officials. Singh's attorney, Andrew D. Goldstein, declined to comment, as did representatives for the U.S. Attorney's Office for the Southern District of New York, the SEC and the CFTC.