IN PICS | FTX Collapse: Indian-Origin Nishad Singh Under Scanner. Know His Story

FTX has filed for bankruptcy after encountering a massive collapse. Its CEO and his inner circle are currently under scanner for financial malpractices, including Nishad Singh (pictured).

FTX Nishad Singh Crash Collapse Theft Malpractice Scanner Probe Sam Bankman Fried

FTX CEO Sam Bankman-Fried (pictured) lost assets worth nearly $16 billion, leading to a collapse of the $30-billion company, which in turn led to an unprecedented bloodbath in the crypto market. [Image source: Getty]

Bankman-Fried had an inner circle of nine housemates who ran FTX out of a luxury penthouse in Nassau, Bahamas. [Image source: Getty]

Singh was a part of Bankman-Fried’s ‘inner circle’, serving as the director of engineering at FTX. [Image source: Getty]

Singh was initially a part of FTX’s sister concern, Alameda Research, where he served for 17 months before moving to FTX in April 2019. [Image source: Getty]

Before joining Alameda Research, Singh served as a software engineer at Facebook as a part of the social media giant’s machine learning (ML) wing. [Image source: Getty]

Singh studied at California’s Crystal Spring Uplands School and went on to graduate summa cum laude from UC Berkeley in 2017, with a bachelor's degree in computer science and electrical engineering. [Image source: Getty]

At FTX, Singh, Bankman-Fried, and CTO Gary Wang were in charge of controlling the code, the platform’s matching engine, and notably, the funds, as per a CoinDesk report. [Image source: Getty]

As per media reports, Singh and Wang were aware of user’s funds being transferred from FTX to Alameda, suggesting that Singh too was a part of the misappropriation of funds. More is expected to be revealed on Singh's involvement during the ongoing probe.