According to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) announced it has reached a settlement with former FTX engineering director Nishad Singh over his actions in the FTX case. Singh is required to return approximately $3.7 million in illegal gains and is subjected to a 5-year trading ban and an 8-year registration ban. Due to his cooperation during the investigation, regulators did not impose additional fines or compensation. Singh pleaded guilty to fraud charges in 2023 and avoided prison time during subsequent proceedings. He also served as a key witness against SBF, who is currently serving a 25-year sentence. https://(wublock123.com)/news/cftc-settlement-with-ex-ftx-engineer-nishad-singh-3-7m-return-trade-ban-5-years-58976