Nishad Singh, FTX's former head of engineering, recounted his shock after a September 2022 meeting with the FTX founder.
Nishad Singh, FTX's former head of engineering, recounted his shock after a September 2022 meeting with the FTX founder, revealing the exchange's dire financial problems, leading to the exchange's collapse and the loss of billions of dollars in customer funds.
Singh's testimony offered evidence of Bankman-Fried's pivotal role in FTX's alleged conduct during the current trial of Sam Bankman-Fried. He admitted to making changes in favor of Alameda and dealing with a troubling revelation about the misappropriation of users' deposits, stating he felt "betrayed."
Singh's emotional statement highlighted the psychological toll the FTX saga had on him, saying, "I had been suicidal for some days." As Singh and other witnesses give insights into the exchange's inner workings and Bankman-Fried's alleged involvement in the crimes, the trial continues to unveil the web of deception within FTX.
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