Get to know Nishad Singh, one of the founders of the crypto exchange that crashed overnight

Nishad Singh Crypto Exchange FTX Crash: Indian people have impressed the world in terms of technology. One such name is Nishad Singh, which is basically Indian. However, now this same Nishad Singh is under investigation. It is being told that Sam Bankman-Fried, who is the CEO of FTX Exchange, used to give him some help in taking decisions regarding crypto.

Nishad under investigation
The sudden bankruptcy of FTX, one of the world’s largest cryptocurrency exchanges, is now causing trouble for everyone. 9 others including Nishad Singh along with Sam Bankman-Freud, the founder of FTX. Earlier, Nishad has also given his services to Facebook.

Some information related to Nishad is as follows.

    • Nishad Singh used to work in Sam Bankman-Freud’s group, which is in Bahamas. From where he used to run FTX. Alameda CEO Caroline Ellison and CTO Gary Wang were also part of the group.
    • Nishad Singh used to help run his crypto empire from a luxury penthouse in the Bahamas. The Bahamas is a country located in the North American continent.
    • Nishad Singh worked as director of engineering at FTX, a now struggling crypto exchange.
    • Nishad Singh had joined Alameda Research, a subsidiary of FTX, in December 2017.
    • Nishad attended the Crystal Springs Uplands School in California and graduated summa cum laude from the University of California, Berkeley with a bachelor’s degree in electrical engineering and computer science in 2017.
    • Prior to joining Alameda Research, he held the role of a software engineer at Facebook.
    • In the FTX podcast from 2020, Nishad switched from his “dream job” at Facebook to Alameda Research after visiting Bankman-Fried.
    • He took over as Director of Engineering at FTX in April 2019. His role in the bankruptcy of the crypto exchange has come under scrutiny, with FTX facing massive allegations.
    • Former FTX CEO Sam Bankman-Fried secretly transferred $10 billion in customer funds from FTX to Alameda.
    • Alameda Research CEO Carolyn Ellison told employees in a video meeting that she, Sam Bankman-Fried, and two other executives, Nishad Singh and Gary Wang, were aware of Wall Street’s decision to move client funds to Alameda.

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