2026-04-08 14:05:36

So the CFTC just wrapped up its case against Nishad Singh, the former engineering guy at FTX. Apparently he's gotta return $3.7 million that he made illegally. Not gonna lie, that's a pretty specific number.

What's interesting though is that Nishad Singh got hit with a five-year trading ban but didn't face any monetary penalty on top of it. The CFTC basically said they're not piling on extra fines because Singh actually cooperated during the investigation. That's kind of the opposite of what usually happens in these cases.

I guess the takeaway here is that if you're caught up in something like this, cooperating actually matters. Nishad Singh's cooperation probably saved him from getting absolutely destroyed financially. Still rough with the trading ban though - five years is a long time to be locked out of the markets.

Anyone else following all the FTX aftermath stuff, or is it getting old at this point?

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