CFTC orders FTX ex-engineering chief Nishad Singh to pay $3.7 million, bans trading and registration

The U.S. Commodity Futures Trading Commission (CFTC) said Wednesday it has issued a supplemental consent order in its enforcement case against Nishad Singh, FTX's former head of engineering. Under the order, Singh must disgorge $3.7 million in ill-gotten gains and faces a five-year ban on trading along with an eight-year ban on registration, blocking him from obtaining licenses required to operate in the industry. The CFTC's Director of Enforcement said the sanctions reflect Singh's cooperation with authorities. Singh has been the subject of actions by the CFTC, the U.S. Securities and Exchange Commission (SEC) and the Department of Justice tied to FTX's collapse in November 2022 and the misuse of customer funds. His SEC matter was resolved in December 2025 with an eight-year industry bar. In the criminal case, Singh received three years of supervised release after completing his prison term, avoiding a much longer sentence following his testimony against former CEO Sam BankmanFried and cooperation with prosecutors.