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- Nishad Singh lived with FTX founder along with 9 others
- Singh was in the inner circle of FTX founder Sam Bankman-Fried
- As per his LinkedIn profile, he attended Crystal Springs Uplands School in California
ftx bankruptcy newsIndian-origin Nishad Singh is under investigation for his financial practices that led to the collapse of FTX, one of the world’s largest cryptocurrency exchanges. He lived with the FTX founder along with 9 other people.
Singh was in the inner circle of Sam Bankman-Fried, the 30-year-old founder of FTX. “Gary Wang (CTO), Nishad and Sam control the code, the exchange’s matching engine and funds,” said a person familiar with the matter.
Beleaguered crypto exchange FTX recently admitted that “unauthorized transactions” removed hundreds of millions of dollars from its wallets, adding that the company has moved many digital assets to a new “cold wallet custodian.”
FTX, which filed for bankruptcy in the US last week, did not say how much it suffered in the unauthorized transaction, but reports claim the amount could be as high as $600 million.
His LinkedIn profile indicates that he attended Crystal Springs Uplands School in California and graduated summa cum laude from the University of California, Berkeley in 2017 with a bachelor’s degree in electrical engineering and computer science.
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