SBF TRIAL PODCAST 10/17: Why FTX Executive Nishad Singh Felt ‘Suicidal’ in Crypto Exchange’s Final Days
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 17 October 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Nishad Singh, the former head of engineering at FTX, testified that a September 2022 meeting with Sam Bankman-Fried, the founder of FTX, revealed the extent of Alameda's use of FTX user deposits, leaving a substantial hole in the balance sheets of both companies and prompting Singh's feeling of betrayal. Singh's testimony provided strong evidence to prosecutors that Bankman-Fried played a pivotal role in FTX's alleged crimes, emphasizing Singh's role as both a co-conspirator and a victim in the unfolding saga.
Link to story: Former Top FTX Executive Testifies He Knew $8B of Customer Money Was Missing
Sign up for The SBF Trial Newsletter
Credits: Marc Hochstein, Nikhilesh De, Sam Kessler and Wondercraft AI Voice
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch |
| 0:05.8 | of a button. |
| 0:07.0 | Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths |
| 0:11.8 | solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville. |
| 0:17.1 | Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural |
| 0:22.6 | chills to far-off romances, every story comes alive through world-class narration. |
| 0:28.5 | Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers |
| 0:34.4 | that transport you from the very first word, because the next great |
| 0:38.2 | adventure is just a listener way. Start your free 30-day trial at audible.com slash |
| 0:43.9 | Wondery, UK. That's audible.com slash Wondery, UK. |
| 0:53.5 | Welcome to the SBF trial, a CoinDesk Podcast Network newsletter bringing you daily insights from inside the courtroom where Sam Bankman-Fried will try to stay out of prison. |
| 1:06.3 | Follow the CoinDesk podcast network to get the audio each morning with content from the KynDestk |
| 1:10.9 | regulation team and voiced by Wondercraft AI. I was blindsided and horrified. That's how |
| 1:19.4 | Nishad Singh recalled feeling after a fateful September 2022 meeting with FtX founder Sam Bankman |
| 1:25.2 | Freed, where his boss laid bare the full scope of the exchange's |
| 1:29.1 | financial problems. Singh was the head of engineering at FTCS before it imploded in November |
| 1:34.6 | 2022 and lost billions of dollars worth of its users' funds. Singh told a jury on Monday that his |
| 1:41.4 | September meeting with Bankman-Fried was the first time he realized |
| 1:44.5 | that Alameda, FTC's sister trading firm, had spent billions of dollars of FTCS user deposits |
| 1:50.8 | and had left a gaping hole in both companies' balance sheets. I felt betrayed, said Singh. |
| 1:56.9 | Singh is a key witness in the government's case against Sam Bankman-Fried, and like other star witnesses, he's pleaded guilty to a slate of fraud and conspiracy charges that he says he committed hand-in-hand with the FTX founder. |
| 2:11.5 | Singh told the jury he was driven by purpose in building FTX, but he realized after his meeting with Bankman-Fried that five years of blood, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.