FTX Crash: Who is Nishad Singh, under scrutiny for crypto exchange bankruptcy

0
0


Image Source : @NISHADSINGH/LINKEDIN Nishad Singh

Highlights

  • Nishad Singh lived with the FTX founder along with 9 others
  • Singh was in the inner circle of FTX’s founder, Sam Bankman-Fried
  • According to his LinkedIn profile, he attended Crystal Springs Uplands School in California

FTX bankruptcy news: Indian-origin Nishad Singh, is being scrutinized for financial practices that caused the collapse of FTX, one of the world’s largest cryptocurrency exchanges. He lived with the FTX founder along with 9 others.

Singh was in the inner circle of FTX’s 30-year-old founder, Sam Bankman-Fried. “Gary Wang (Chief Technology Officer), Nishad and Sam control the code, the exchange’s matching engine, and funds,” said a person familiar with the matter.

Beleaguered crypto exchange FTX recently admitted that “unauthorised transactions” have drained hundreds of millions of dollars from its wallets, saying the company has moved many digital assets to a new “cold wallet custodian”.

FTX, which last week filed for bankruptcy in the US, did not reveal how much it lost in unauthorised transactions but reports claimed the amount could be as high as $600 million.

His LinkedIn profile indicates that he attended Crystal Springs Uplands School in California and graduated summa cum laude from the University of California, Berkeley in 2017 with a bachelor’s degree in Electrical Engineering and Computer Science.

ALSO READ | What’s happening at bankrupt crypto exchange FTX? EXPLAINED

ALSO READ | Hackers steal over $100 mn from top crypto exchange Binance

Latest Business News





Source link

Previous articleCongress appoints observers for upcoming Gujarat Assembly elections
Next article‘Salaam Venky’: The Trailer Of Kajol Starrer Is Out Now And There Is A Surprise For Viewers
SATARK NEWS ENGLISH was launched in 2020. And in just a few months, it became the famous English news website in India and abroad. And now we publish with three different languages English, Hindi, and Urdu.