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CFTC secures additional time to reach resolution of case against FTX co-owner Nishad Singh
The Commodity Futures Trading Commission (CFTC) has secured 60 days of additional time to negotiate a resolution of its case against FTX co-owner Nishad Singh. Judge P. Kevin Castel of the New York Southern District Court has granted extended the time for parties to resolve the case to January 30, 2026. The CFTC explained that the extension is due to the 43-day federal government shutdown, which lasted from October 1 to November 12, during which all non-excepted employees, including the CFTC counsel, were furloughed and prohibited by law from performing actions related to their employment. Defendant Singh consented ... (full story)