CFTC Resolves Fraud Case Against Ex-FTX Engineering Chief Singh

Apr 01, 2026 19:36 UTC

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Nishad Singh, former director of Engineering at FTX Cryptocurrency Derivatives Exchange, exits court in New York, US, on Wednesday, Oct. 30, 2024. Singh was sentenced to time served by Judge Lewis A.

Nishad Singh, former FTX engineering chief, must return $3.7 million in illegal profits.
The CFTC imposed a five-year trading ban and an eight-year registration prohibition on Singh.
The regulator did not seek a monetary penalty due to Singh’s cooperation.
The case is part of the ongoing legal fallout from the FTX collapse.
The settlement reflects increased regulatory scrutiny in the crypto derivatives market.

The Commodity Futures Trading Commission (CFTC) has reached a settlement with Nishad Singh, the former engineering chief at the now-defunct FTX cryptocurrency exchange. Singh will be required to return $3.7 million in illicit gains as part of the agreement. The CFTC announced in a statement that Singh will also face a five-year trading ban and an eight-year prohibition from registering with the agency. The regulator indicated that it did not pursue a monetary penalty or restitution due to Singh’s cooperation during the investigation. This resolution is part of the broader legal aftermath of the FTX collapse, which has led to multiple regulatory actions and criminal charges against former executives. The case highlights the CFTC’s ongoing efforts to hold individuals accountable for misconduct in the crypto derivatives market. The settlement underscores the regulatory scrutiny intensifying in the cryptocurrency sector following the high-profile failures of major exchanges.