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

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.