Nishad Singh, the former head of engineering at FTX, has agreed to pay $3.7 million to resolve a lawsuit brought by the US Commodity Futures Trading Commission (CFTC).
According to the CFTC, the agreement comes as part of a supplemental consent order tied to Singh’s role in the misuse of customer funds.
The penalty includes disgorgement of $3.7 million essentially requiring Singh to give up funds tied to the violations along with strict limitations on his future involvement in financial markets.
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