Age: 26 Years
Marital Status: Unmarried
Some Lesser Known Facts About Nishad Singh
- Nishad Singh is an American citizen of Indian origin who is known for being the Director of Engineering at FTX Exchange. He was also accused of crash and bankruptcy in FTX Exchange in 2022.
- When Nishad was a child, he used to run marathons. At the age of 12, he completed the Silicon Valley half-marathon. He also became the second person in the US to complete an ultramarathon within the 30-hour time limit after taking training from his coach and stepfather Rajeev Patel.
- He holds the world record for being the fastest under-17 runner to complete an ultramarathon. He has run various marathons including Ruth Anderson Ultra 50km (USA) in 2010 and 2012, Quicksilver 50 km Endurance Run (USA) in 2010 and 2013, Ruth Anderson Ultra 50mi – 50km Split (USA) in 2011, Ohlone 50K Wilderness Run (USA) in 2011, Run-de-Vous 100 Mile Endurance Run (USA) in 2011 and 2012, Ruth Anderson Ultra 50mi – 50km Split (USA) in 2011, and Run-de-Vous 100 Mile Endurance Run (USA) in 2011 and 2012. In 2012, he gave a TED talk at [email protected] However, he had to leave running because he suffer from Asthma and was advised not to run.
- Nishad started his career with a one-month internship at Sierra Ventures in 2011. In 2014, he worked for two months as a software engineering intern at Skyhigh Networks. In 2015, he did a two-month internship as a software engineer at Box. In 2016, he joined Facebook as a software engineering intern and worked there for four months. In 2016, he joined Berkeley Consulting and worked there as a consultant from January 2014 to January 2015, as a project manager from January 2015 to June 2015, as a tech director from June 2015 to June 2016, and as an external vice president from June 2016 to December 2016. In February 2017, he started working as a research assistant at Berkeley RISE Lab. In August 2017, he joined Facebook as a software engineer and worked with the Reinforcement Learning team. From December 2017 to April 2019, he worked as the director of engineering at Alameda Research. In April 2019, he joined FTX: Cryptocurrency Derivatives Exchange and started working as director of engineering. In January 2022, he started working as an electrical engineer at Steath.
- While working at FTX (an abbreviation of Future Exchange) in 2019, he lived with other company employees in a mansion, known as the inner circle, in Nassau, the capital of the Bahamas. In September 2022, it was reported that Alameda research had its majority of assets in FTT and FTX was transferring funds up to $10 Billion to Alameda research.
- In 2022, FTX went bankrupt after Binance’s CEO Changpeng Zhao tweeted that he was selling the FTT shares. Later, the Securities of Commission of Bahamas announced that it was freezing the assets of FTX’s subsidiary FTX Digital. The company’s operations were also suspended in Japan and Australia.
Press Release pic.twitter.com/rgxq3QSBqm
— FTX (@FTX_Official) November 11, 2022
- On 12 November 2022, Alameda CEO Caroline Ellison stated that Nishad along with other employees were responsible for the code, matching engine, and funds of the company. On 14 November 2022, the Justice Department, Securities and Exchange Commission, and Commodity Futures Trading Commission started a criminal investigation into FTX’s funds. According to the reports, there were no transactions after 11 November 2022 due to the bankruptcy. Nishad and his colleagues were looked after by local law authorities as he was planning to fly to Dubai because it did not have an extradition treaty with the US. There were also rumours that Nishad and his colleagues had donated the money to democrats from Ukraine. However, the Deputy Minister of Digital Transformation of Ukraine Alex Bornyakov denied the rumour and tweeted,
- In 2022, Nishad donated $7.9 million to Public Action Committees of Democrat candidates- Women Vote!, Mind the Gap (an organization led by Stanford University academics using Silicon Valley funds to support democratic candidates), and the Senate Majority PAC. In August 2022, he also donated $1.1 million to the LGBTQ Victory Fund Federal political action committee. In an interview, he talked about this and said, He said while talking about this,
I’ve been really excited about Balint because she’s a strong proponent of pandemic prevention. Victory PAC wanted to run an independent expenditure to support Balint, I wanted to empower them to do that. My contribution here was personal and independent from my role at FTX.”