"The injunctions and monetary relief imposed here demonstrate the significant benefits that may be achieved through cooperating with the CFTC. This resolution reflects both the severity of the violations and the agency's approach to incentivizing meaningful assistance in investigations."
"The order imposes disgorgement of $3.7 million, requires Singh to continue cooperating with the Commission, and imposes a five-year trading ban and an eight-year registration ban from the date of entry of the initial consent order."
The CFTC resolved its enforcement action against Nishad Singh, former head of engineering at FTX, imposing a $3.7 million disgorgement, a five-year trading ban, and an eight-year registration ban. Singh is required to continue cooperating with the Commission. The case highlights the benefits of cooperation in investigations and reflects the severity of Singh's violations, including fraud by misappropriation. The supplemental consent order concludes the enforcement action while maintaining compliance obligations from the initial judgment.
Read at news.bitcoin.com
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