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Statement Of CFTC Chairman Rostin Behnam Regarding Binance And Its Founder

Statement Of CFTC Chairman Rostin Behnam Regarding Binance And Its Founder
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CFTC Charges FTX Co-Owner With Fraud By Misappropriation And Aiding And Abetting Fraud Related To Digital Asset Commodities - Nishad Singh To Concede Liability In Proposed Consent Order

<p><span lang="EN" xml:lang="EN">The Commodity Futures Trading Commission today filed fraud charges against&nbsp;<span>Nishad Singh</span>, an FTX senior executive,<span>&nbsp;</span>in a&nbsp;</span><span>complaint filed in the U.S. District Court for the&nbsp;</span><span lang="EN" xml:lang="EN">Southern District of New York. T</span><span>he two-count&nbsp;</span><span lang="EN" xml:lang="EN">complaint charges Singh with fraud by misappropriation and with aiding and abetting fraud committed by Samuel Bankman-Fried, FTX Trading Ltd. d/b/a FTX.com (FTX),</span><span>&nbsp;</span><span lang="EN" xml:lang="EN">and Alameda Research LLC (Alameda).&nbsp;</span><span>Singh was a shareholder and senior executive of FTX, and was FTX&rsquo;s Director of Engineering

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