Crypto

Who Is Nishad Singh, Under Scan For Crypto Exchange FTX Crash: 5 Facts

He worked as a software engineer at Facebook for almost five months.

New Delhi:
Indian-born Nishad Singh is under scrutiny for the financial practices that caused the staggering collapse of FTX, one of the world’s largest cryptocurrency exchanges, which is now on the brink of bankruptcy. He and 9 other people lived with the founder of FTX.

Here are 5 facts about Nishad Singh:

  1. Nishad Singh joined Alameda Research, FTX’s sister organization that is at the center of the controversy, in December 2017. Prior to that, he worked as a software engineer at Facebook for nearly five months. His LinkedIn profile says he worked on machine learning at the social media giant.

  2. At Alameda Research, he served as Director of Engineering for 17 months. He then joined cryptocurrency exchange FTX in April 2019, and has held the same engineering position there ever since.

  3. Nishad Singh was part of the inner circle of 30-year-old FTX founder Sam Bankman-Fried. “Gary (Chief Technology Officer Gary Wang), Nishad and Sam control the code, the exchange’s matching engine and the funds,” a person familiar with the matter told crypto news site CoinDesk on condition of anonymity. . “If they moved them around or entered their own numbers, I don’t know who would notice,” they said.

  4. Reuters reported on Friday that former FTX CEO Sam Bankman-Fried secretly transferred $10 billion in client funds from FTX to Alameda. Caroline Ellison, CEO of Alameda Research, told employees in a video meeting on Wednesday that she, Sam Bankman-Fried, and two other executives, Nishad Singh and Gary Wang, were aware of the decision to transfer the funds. customers at Alameda, the Wall Street Journal said, citing people familiar with the matter.

  5. According to his LinkedIn profile, he studied at Crystal Springs Uplands School in California and graduated summa cum laude from the University of California, Berkeley with a bachelor’s degree in electrical engineering and computer science in 2017.

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