[Former FTX Engineering Director Singh Reaches Settlement with CFTC] The U.S. Commodity Futures Trading Commission (CFTC) announced that it has reached a settlement with former FTX Engineering Director Nishad Singh. Singh is required to return $3.7 million in illicit gains and is banned from trading for five years, as well as prohibited from registering with the CFTC for eight years. Considering his active cooperation during the investigation, the CFTC did not impose additional monetary penalties or compensation demands.