Nishad Singh is an American citizen of Indian origin and the Director of Engineering at FTX Exchange. In 2022, he gained attention during the FTX Exchange crash as a close associate of Sam Bankman-Fried. |
Nishad ran marathons in his childhood, completing the Silicon Valley half-marathon at the age of 12. He also holds the record for being the fastest under-17 ultramarathon runner in the world. |
Having competed in various marathons, Nishad had to stop due to asthma. He started his career with internships at Sierra Ventures, Skyhigh Networks, Box, and Facebook, among others. |
Nishad joined Berkeley Consulting and Facebook before moving to Alameda Research as the director of engineering in 2017, and later to FTX Crypto Exchange. In January 2022, he began working as an electrical engineer at Stealth. |
In 2022, FTX Exchange faced financial troubles, prompting its founder, Sam Bankman-Fried, to resign. Nishad Singh faced scrutiny for his association with the company's inner workings. |
FTX's collapse in November 2022 was linked to concerns over leverage and solvency involving Alameda Research. Binance considered acquiring FTX but later called off the deal due to financial concerns. |
Following FTX's bankruptcy filing, investigations into the firm's funds were launched. Nishad and others were observed due to plans to fly to Dubai, known for lacking an extradition treaty with the US. |
Nishad donated millions to political action committees supporting Democrat candidates and LGBTQ causes in 2022. He specified that his contributions were personal and separate from his professional role. |
Nishad Singh served on the board of FTX's philanthropic arm, The FTX Future Fund. |