FTX executive describes excess spending, celebrity hobnobbing, and his panic over missing billions

FTX head of engineering Nishad Singh testifies: ‘I had been suicidal for some days’ leading up to the company’s collapse.

On the balcony of their $35 million penthouse apartment in the Bahamas, as evening fell, Nishad Singh asked his boss and onetime roommate, Sam Bankman-Fried, for a rare one-on-one meeting. Singh had just learned that there was a $13 billion “hole,” as he put it, in the finances of FTX—money that FTX was supposed to be storing as customer deposits, but which Bankman-Fried’s trading firm Alameda Research had used up. “I was really hoping I misunderstood,” Singh testified.

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