SEC and CFTC File Parallel Charges Against FTX Executive Nishad Singh
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have recently filed parallel charges against FTX executive Nishad Singh. The charges allege that Singh had engaged in a fraudulent scheme to manipulate the market for certain digital assets.Nishad Singh is a former executive at FTX, a cryptocurrency derivatives exchange. According to the SEC’s complaint, Singh allegedly engaged in a fraudulent scheme to manipulate the market for certain digital assets. Specifically, the SEC alleges that Singh used his position at FTX to manipulate the price of