TechFlow News, April 2: According to Bloomberg, on April 2, the U.S. Commodity Futures Trading Commission (CFTC) announced it has reached a settlement with Nishad Singh, former FTX engineering head, regarding the FTX collapse.
Under the settlement agreement, Singh must disgorge $3.7 million in ill-gotten gains, is banned from trading for five years, and is prohibited from registering with the CFTC for eight years. Given Singh’s full cooperation during the investigation, the CFTC imposed no additional monetary penalties or restitution requirements.




