Nishad Singh

About

Nishad Singh served as head of engineering at FTX, the cryptocurrency exchange founded by Sam Bankman-Fried. A key member of SBF's inner circle, Singh helped build the technical systems that enabled the transfer of billions in customer funds from FTX to Alameda Research.^[1]

Singh pleaded guilty to fraud and campaign finance charges in February 2023 and became a cooperating witness for the prosecution. His testimony at trial helped establish how FTX's software was deliberately designed to allow Alameda to withdraw unlimited funds from the exchange without triggering alerts.^[1]^[2]

In October 2024, Singh was sentenced to time served and three years of supervised release — avoiding prison entirely due to what prosecutors described as his significant cooperation, including providing early access to critical technical evidence.^[2]

Sources

Connected case

ConvictedOther

Sam Bankman-Fried / FTX Collapse

FTX head of engineering and cooperating witness

Sam Bankman-Fried, founder of the FTX cryptocurrency exchange, was convicted in November 2023 on seven counts of fraud and conspiracy after billions in customer funds were secretly funneled to his hedge fund Alameda Research. He was sentenced to 25 years in federal prison in March 2024, capping one of the largest financial fraud cases in American history.