Former FTX Director Says Working With Bankman-Fried Left Him Humiliated and Suicidal as Company Collapsed

Nishad Singh, former FTX director, said working with Sam Bankman-Fried left him "humiliated" and suicidal as FTX collapsed.

Singh learned of $8 billion hole in FTX balance sheet and misuse of customer funds in September 2022.

Bankman-Fried continued lavish spending despite growing customer deficit, rejected Singh's concerns.

Singh wrote code enabling Alameda to trade with fake funds, helped hide deficit from regulators.

Bankman-Fried spent heavily on celebrity endorsements and ties, against Singh's advice on frugality.