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.
Decision on Vinesh Phogat's medal will be taken today, top lawyer Harish Salve, who defeated Pakistan in the Kulbhushan case, will fight the case
Vinesh Phogat Appeal A decision will be taken today on the medal of Indian female wrestler Vinesh Phogat, who was disqualified before the final wrestling match at the Paris Olympics. The good news for
FIFA Women's World Cup: Firing near Norway team hotel before opening match in New Zealand, two killed
The Women's Football World Cup is being hosted by Australia and New Zealand. Before the opening match between New Zealand and Norway, an incident shocked the whole world. Firing near the hotel of the
Delhi Weather: Mercury dropped to 4.9 degrees in Delhi, Friday morning was the coldest of the season; Winter will wreak havoc after 18
Cold has been wreaking havoc in Delhi for the last few days. The same harshness of winter continues on Friday and today's morning has been recorded as the coldest morning of this season.
Salaar: Prabhas starrer 'Salaar' dominates the box office, earned Rs 150 crore in Hindi alone
Leaving behind 'KGF 1', 'Bahubali 1' and 'Pushpa 1', Hombale Films' film 'Salaar', directed by Prashant Neel, has proved to be one of the most successful pan India films of last year. The film has
TNR Collection Day 1: Ravi Teja's 'Tiger Nageshwar Rao' overshadows 'Ganpat', so many notes printed on the first day
Tiger Nageswara Rao Collection Day 1: Many films were released at the box office on Friday, 20 October. On one hand, Tiger Shroff and Kriti Sanon's film 'Ganpat: A Hero is Born' was released, while on
Asad Encounter: Ashraf met Ashraf in Bareilly jail before Umesh Pal's murder, Asad and Ghulam were killed in the encounter
Asad, the prize son of mafia Atiq Ahmed, who was killed in the encounter, and shooter Ghulam met Ashraf in Bareilly District Jail. When the investigation took place after the murder of advocate
Paatal Lok 2: How did you feel playing the role of Hathiram Chaudhary, Jaideep Ahlawat revealed many secrets of Paatal Lok 2
Paatal Lok is one of the most loved crime thriller web series on Amazon Prime Video. The second part of this series Paatal Lok 2 is returning in just a few days. The makers have increased the
'Infiltration will end in Bengal only when Mamata is removed from power', Amit Shah fiercely attacked Didi
Union Home Minister Amit Shah said that when the people of Bengal will oust Chief Minister Mamata Banerjee from power and form a BJP government in the state, the problem of illegal infiltration will
Uniform Civil Code Bill: Uniform Civil Code Bill will come in the monsoon session? Parliamentary Standing Committee meeting on July 3
The Modi government at the Center can take a major decision on the Uniform Civil Code (UCC). The Modi government may introduce the UCC bill in the upcoming session of Parliament. It is being told that
Kedarnath Yatra 2023: The doors of Kedarnath Dham were opened amidst the proclamation of 'Har Har Mahadev'
Today i.e. 25 April 2023, on Tuesday, the doors of Kedarnath Dham have been opened. As soon as the doors of Kedarnath Dham open, a crowd of devotees are thronging to have the darshan of Lord Shiva.
