Former FTX Engineering Director Singh Reaches Settlement With CFTC, Forfeits $3.7 Million in Illegal Gains and Faces Multiple Bans
ChainCatcher news, according to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) announced that it has reached a settlement with former FTX engineering director Nishad Singh regarding the FTX collapse incident. Under the settlement agreement, Singh must return $3.7 million in illegal gains, is prohibited from trading for five years, and is not allowed to register with the CFTC for eight years. In light of Singh's active cooperation during the investigation, the CFTC did not impose additional monetary penalties or compensation requirements.
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