FTX Engineer Hit with $3.7M Disgorgement Order
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Former FTX engineering head Nishad Singh faces disgorgement order for $3.7M, trading ban, and registration ban after misappropriating customer funds. His cooperation in the case led to waived restitution and fines. Singhs role in coding backdoor systems enabled the $8B drain that sank FTX. Other FTX execs still face pending CFTC actions, while Bankman-Fried fights for a new trial. CFTC Chair warns of risks in unregulated prediction markets.
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