FTX Engineer Nishad Singh Fined $3.7M by CFTC

Former FTX Director of Engineering Nishad Singh has been ordered by the Commodity Futures Trading Commission (CFTC) to pay a $3.7 million disgorgement. This settlement resolves the CFTC's civil enforcement action related to his involvement with the now-defunct cryptocurrency exchange. While Singh will avoid prison time, the substantial fine underscores the regulatory scrutiny on individuals associated with major crypto collapses. The CFTC's action highlights ongoing efforts to hold parties accountable and recover funds following the FTX implosion.