Nishad Singh revealed politicians took FTX customers’ money amid Sam Bankman-Fried’s spendthrift behavior, with a contribution list as Monday exhibit. In a Tuesday hearing, he contravened his statement to prosecutors about believing FTX would last for years. Judge Kaplan demonstrated impartiality, calling out SBF’s lawyer Cohen for displaying documents that had not been submitted in evidence. Singh has pled guilty to Federal Elections Commission violations.
It was also revealed that Singh had been suicidal at some point in November 2022, as well as the purchase of property worth $3.7 million in Washington on an island in Washington. More interestingly, when asked whether he anticipated the shutdown of the exchange as a business in early November, Singh said he did not remember. This contravened with an earlier statement, saying he anticipated the platform to last years.
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