Overview
- The supplemental consent order, entered Wednesday in federal court in Manhattan, requires Singh to give up $3.7 million and imposes a five-year trading ban and an eight-year ban on CFTC registration.
- The CFTC said it is not seeking restitution or a civil monetary penalty at this time because Singh cooperated in its investigation and related proceedings.
- The $3.7 million figure matches a home Singh bought in October 2022 that the agency says was funded with misappropriated FTX customer assets.
- Singh earlier pleaded guilty to six criminal counts, admitted he maintained code that let Alameda Research pull customer funds, and received time served with three years of supervised release.
- The resolution marks the first individual case the CFTC has fully closed in the FTX matter, with other actions against former executives still pending as the bankruptcy estate continues creditor repayments.