FTX’s Nishad Singh Settles $3.7 million CFTC Case Amid Trading Ban

- Nishad Singh pays $3.7 million to settle CFTC charges tied to the FTX collapse. - The CFTC imposes trading and registration bans; Singh's cooperation aids other prosecutions. On April 2, 2026, Cointelegraph reported that Nishad Singh, FTX's former head of engineering, reached a $3.7 million settlement with the U.S. Commodity Futures Trading Commission (CFTC) for his role in the cryptocurrency exchange's collapse. The settlement resolves allegations of his involvement in the misappropriation of user funds, which was a key factor in FTX's downfall. Under the agreement, the CFTC bars Singh from trading in its regulated markets for five years and restricts him from obtaining an industry registration license for eight years. These punitive measures underscore the gravity of Singh's violations and his role in FTX's misuse of customer funds. David Miller, Director of Enforcement at the CFTC, stated that the penalties reflect the serious nature of Singh’s misconduct. Miller also highlighted Singh's cooperation with investigators, noting this assistance significantly contributed to the prosecution of other former FTX leaders, including founder Sam Bankman-Fried. The Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) had previously targeted Singh. His collaboration with prosecutors after FTX's November 2022 collapse played a pivotal role in resolving his legal predicament. As a result, Singh avoided a lengthy prison term, receiving a sentence of time served along with three years of supervised release.