FTX, one of the world's largest crypto exchanges, applied for bankruptcy on Friday. People did not even recover from the shock that $ 100 million or about 8054 crore rupees of customers were revealed to be missing from the exchange. It is being said in the reports that Sam Bankman, the founder of the exchange, sent this amount from FTX to his trading company Alameda Research without informing anyone. At the same time, now the name of Nishad Singh of Indian origin is coming out in the investigation of this case. Let us tell you that the name of Nishad Singh is also included in the nine special associates of FTX Exchange CEO Sam Bankman-Freud.
The sudden bankruptcy of the FTX Exchange is not easy to digest. It is being said that Sam Bankman sent this amount from FTX to his trading company Alameda Research without informing anyone. It has been told in the report that since the transfer of this total amount, a large part of the customers' funds are missing. Along with the CEO of the exchange, the names of nine others are also under suspicion in this whole matter. One of these names is also of Indian origin Nishad Singh. Reportedly, he used to help FTX exchange CEO Sam Bankman-Freud make decisions on crypto matters. Before FTX Exchange, he also worked for Facebook.
worked in Facebook
It is being told in the reports that Nishad Singh joined Almeida Research, an affiliate of FTX, in December 2017. Which is at the center of this whole controversy. Before this, he worked as a software engineer at Facebook for about five months. According to Nishad's LinkedIn profile, he was working on machine learning at Facebook. He was director of engineering for 17 months at the Alameda Research Center. He then moved to the cryptocurrency exchange FTX in April 2019 and has since held the top engineering position in the same.
Sam is very close to Bankman-Fried
Nishad Singh is being told that he was very close to FTX founder Sam Bankman-Fried. Reports suggest that Gary Wang, the chief technology officer of the FTX exchange, Nishad, and Sam Codd control the exchange's matching engine and funds.
This is how it was revealed
According to the report, the missing funds came to light from records shared with other senior Bankman-Fried executives last Sunday. It is claimed that the current status has been known from these records. The report comes from people holding senior positions at FTX, who were working at the exchange until this week. He has told that the top officials have given him information on the financial condition of the company.
IND vs PAK: Will the Asia Cup match between India and Pakistan be cancelled? An Emirates Board official answered.
There is a lot of speculation about the Asia Cup match to be played between India and Pakistan. Indian fans demand that Team India not play against Pakistan. However, the Chief Operating Officer (COO)
Modi government: No legal guarantee but record increase in MSP, work done to improve the financial condition of agriculture sector
The biggest hurdle in resolving the deadlock between the agitating farmers and the government is the legal guarantee on procurement at MSP. However, the truth is that during the tenure of the Modi
IPL 2024: Virat Kohli and Anushka Sharma's reaction after Royal Challengers Bangalore's victory went viral.
Royal Challengers Bangalore defeated Delhi Capitals by 47 runs in the 62nd match of IPL 2024 on Sunday. RCB kept their playoff hopes alive with this win. In the match played at M Chinnaswamy
India's Got Latent Row: Ranveer remains out of police reach and has not given any answer, not even to the investigating agency.
Recently, Ranveer Allahabadia made objectionable comments in comedian Samay Raina's YouTube show 'India's Got Latent'. He was heavily criticized for this, and a police complaint was lodged against the
Maharashtra Elections: 'Congress tampered with the Constitution, now accusing BJP', Gadkari attacks the opposition
Only a few days remain for the Maharashtra Assembly elections. While campaigning for the BJP, Union Minister Nitin Gadkari fiercely targeted the Congress. He alleged that Congress tampered with the
Pankaj Udhas: 'Will always be alive in our hearts...' Shatrughan Sinha expressed grief over the demise of Pankaj Udhas
Pankaj Udhas Passes Away: Famous ghazal singer Pankaj Udhas passed away on Monday 26 February. He breathed his last at Kandy Hospital in Mumbai. The singer was ill for a long time.
IND vs SA: What is the record of South African players against India? Suryakumar-Kuldeep can trouble them.
The final match of the ICC T20 World Cup is to be played between India and South Africa on Saturday. India entered the title match by defeating England, while South Africa made it to the final by
Animal Song: Ranbir Kapoor's love for his father will make you emotional, the new song of 'Animal' tells the story of a father-son relationship
Animal Song Papa Meri Jaan: Ranbir Kapoor and Rashmika Mandanna's 'Animal' is releasing on the first day of December. The makers are sharing updates related to the film one by one with the fans so
PM Modi: 'I have immense energy within me.., people should dedicate the next 25 years to the country'; Prime Minister after Kanyakumari visit
Prime Minister Narendra Modi stayed in Kanyakumari, Tamil Nadu on a spiritual journey after the political engagements of the Lok Sabha elections 2024. After 45 hours of meditation at the Vivekananda
Is it a hypersonic missile called Agni-5: questions raised by height, speed, and trajectory; India has been engaged in making it for 4 years
India successfully tests the night trial of the country's most powerful intercontinental ballistic missile Agni-5 on 15 December. The missile has been fired at the full range for the first time from
