US Law Enforcement Investigates Former FTX Executive Nishad Singh

• The US law enforcement authorities have opened an investigation into Nishad Singh, former FTX executive, regarding his role in FTX’s collapse.
• The CFTC, SEC, and SDNY are looking into Singh’s activities, who had the code to transfer FTX funds.
• Singh could be charged by the end of the month if found to have played a part in defrauding investors.

The US law enforcement authorities have recently opened an investigation into the activities of Nishad Singh, the former Executive Director of Engineering at the now-bankrupt crypto exchange FTX. The Commodities and Futures Trading Commission (CFTC), Securities and Exchanges Commission (SEC), and the Southern District of New York (SDNY) are all looking into Singh’s role in FTX’s collapse.

Nishad Singh has been missing since FTX declared bankruptcy and has been the subject of controversy since then. Reports suggest that Singh had received over a $500 million loan from Alameda, while former chief executive Sam Bankman-Fried had taken a $1 billion loan from the investment arm. In addition, Singh held a 7.8% stake in the platform and was one of the three executives who had the code to transfer FTX funds. The other two were SBF and Gary Wang.

The US law enforcement authorities are now looking into Singh’s activities and whether he was involved in any wrongdoing with regards to FTX’s collapse. If the prosecutors find that Singh had any part to play in the multi-year scheme of defrauding investors, they could charge him by the end of this month. This follows Sam Bankman-Fried’s recent plea of not guilty to all eight counts of criminal and electoral fraud.

In the meantime, Singh remains out of the public eye and the case is still under investigation by the US law enforcement authorities. The CFTC, SEC, and SDNY will continue to look into his role in FTX’s collapse, and the public will be updated of any findings in due course.