Prosecutors investigate former FTX executive Nishad Singh: Bloomberg

Quick Take

  • Officials are investigating any role former FTX Director of Engineering Nishad Singh played in defrauding the company’s customers with illicit trading schemes involving sister firm Alameda Research, according to Bloomberg. 

Federal prosecutors are probing whether former FTX Director of Engineering Nishad Singh played any role in trading schemes that resulted in the illicit use of customers' funds, Bloomberg first reported. 

Additional agencies including the Securities and Exchange Commission and the Commodity Futures Trading Commission are also investigating Singh, Bloomberg reported, citing sources familiar with the issue.

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Although Singh has yet to be officially charged for any crimes related to the FTX case, if prosecutors find a connection he may face charges as soon as this month, Bloomberg said.


Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Jeremy Nation is a senior reporter at The Block covering the greater blockchain ecosystem. Prior to joining The Block, Jeremy worked as a product content specialist at Bullish and Block.one. He also served as a reporter for ETHNews. Follow him on Twitter @ETH_Nation.

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