Posted: Post Date – 08:53 PM, Sunday – November 13
San Francisco: Indian-born Nishad Singh has come under scrutiny for the financial practices that brought down FTX, one of the world’s largest cryptocurrency exchanges.
He lives with the FTX founder and 9 others.
Singh is at the heart of FTX’s 30-year-old founder, Sam Bankman-Fried.
“Gary Wang (CTO), Nishad and Sam control the code, the exchange’s matching engine and funding,” said one of the people familiar with the matter.
Troubled cryptocurrency exchange FTX recently admitted that “unauthorized transactions” had drained hundreds of millions of dollars from its wallets, saying the company had moved many digital assets to a new “cold wallet custodian.”
FTX, which filed for bankruptcy in the U.S. last week, did not disclose how much it lost in unauthorized trades, but reports said the losses could be as high as $600 million.
According to his LinkedIn profile, he attended Crystal Springs Heights School in California, and graduated summa cum laude from UC Berkeley in 2017 with a bachelor’s degree in electrical engineering and computer science.
