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 to the CFTC request.

The CFTC brought the lawsuit against Nishad Singh on February 28, 2023.

The two-count complaint charged Singh with fraud by misappropriation and with aiding and abetting fraud committed by Samuel Bankman-Fried, FTX Trading Ltd. d/b/a FTX.com, and Alameda Research LLC. Singh was a shareholder and senior executive of FTX, and was FTX’s Director of Engineering at the time of its collapse in November 2022.

The charges against Singh are related to those in a previously filed CFTC action against Bankman-Fried, FTX, Alameda, FTX Co-Founder Gary Wang, and Alameda Co-CEO Caroline Ellison, that alleges a fraudulent scheme causing the loss of over $8 billion in FTX customer assets.