FTX’s Nishad Singh Testifies He Knew $8B of Customer Money Had Gone Missing

Nishad Singh, who was head of engineering, said he “learned of a hole” in the company’s finances in September 2022. Though he noticed around $8 billion missing from Bankman-Fried’s company, he nevertheless approved transactions that he “implicitly” knew had to have come from user deposits, Singh told a court Monday.

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