Nishad Singh
Former head of engineering at FTX, who wrote code that allowed Alameda Research to draw on customer funds. He pleaded guilty to five charges, cooperated against Sam Bankman-Fried, and was sentenced in 2024 to time served.
Also known as: Nishad Singh
Bio
Nishad Singh was FTX's director of engineering. He testified that, at Bankman-Fried's direction, he wrote code that effectively let Alameda borrow or take tens of billions from FTX, and that he learned the full scope of the customer-fund shortfall only in late 2022. [1][2]
Legal outcome
Singh pleaded guilty to five charges and cooperated with prosecutors. On October 30, 2024 he was sentenced to time served plus three years of supervised release, joined in the $11 billion forfeiture. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (2)
See also
- Blockchain Terminal (BCT)TokensA 2017–2018 ICO (BCT tokens, ~$30M) for a 'Blockchain Terminal' — a Bloomberg-style crypto trading terminal. The SEC and DOJ said convicted ex-hedge-funder Boaz Manor secretly ran it under a fake identity ('Shaun MacDonald'), using associate Edith Pardo as a front, and lied about the product's adoption.
- Dropil (DROP)TokensAn ICO for the DROP token built around a fake 'Dex' trading bot. The SEC said it raised ~$1.9M while claiming $54M from 34,000 investors, and that the founders falsified evidence during the probe. Founders Jeremy McAlpine and Zachary Matar pleaded guilty to securities fraud (36 and 30 months).
- CluCoin (CLU)Tokens
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