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Nishad Singh, the former Director of Engineering for FTX, has filed his sentencing submission — and it's awash with dreams of leniency.

The question I find myself asking when reading through the document is at what point exactly should Singh have known that something was afoot?

The document insists that he didn't really get involved in this scheme until weeks before the collapse, but that's later than I would expect.

Nishad Singh hopes to avoid prison in FTX case

Singh was at Alameda Research as far back as 2018, before the mass exodus of employees caused by Sam Bankman-Fried's lies, and was there when investors recalled their loans.

Singh was also one of the very first engineers to switch over from Alameda Research to FTX and was the one who created the 'allow negative' feature that would eventually be exploited by Alameda.

Not only that, he was aware "that FTX customer fiat deposits were, for some time, made directly into Alameda bank accounts."

He was aware of an accounting "bug" in 2021, which led to him reaching out to Caroline Ellison for more details about the "fiat@" account that was supposed to be tracking FTX customer funds deposited into Alameda's accounts.

In June of 2022, several months before Singh claims to have realized that Alameda was stealing from FTX, he was part of a project to "determine the amount of money that Alameda had on FTX."

As part of this process, he became aware that Alameda had a "negative $2.7 billion balance in its main account."

However, he apparently still believed that it had the funds it was supposed to.

Even after he apparently figured everything out in September 2022, he still decided to withdraw funds to buy a multimillion-dollar house.

It certainly seems as though there were opportunities for Singh to put some things together.