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FTX\u2019s director of engineering Nishad Singh testified that he was \u201clate in the game\u201d<\/a> in finding out about the exchange\u2019s misuse of customer funds during the criminal trial of FTX founder and former CEO Sam Bankman-Fried. However, that didn\u2019t stop him from purchasing a US$3.7 million vacation home.<\/p>\n Singh purchased<\/a> the 10-acre estate on Orcas Island in Washington State in October last year. That was weeks after he claims<\/a> he first learned about the US$13 billion in customer funds missing from the exchange and just weeks before the collapse of the exchange.<\/p>\n The purchase was made possible thanks to a loan from FTX, which was wired to him in mid-to-late October 2022, Bloomberg reported<\/a>. Yesterday, Singh testified that after learning about the misuse of customer funds in September he had urged Bankman-Fried to cut his spending, particularly on endorsement deals. He called<\/a> Bankman-Fried\u2019s spending \u201cexcessive\u201d and \u201cflashy.\u201d<\/p>\n \u201cI was upset at the endorsement deals, it was a billion dollars. I said this is crazy, cut this,\u201d Singh told the jury.<\/p>\n The details of Singh\u2019s home purchase were revealed in the defense\u2019s cross examination, according to a live blog<\/a> of the trial from court reporting organization Inner City Press. Singh is a key witness for the government and has been cooperating with them after pleading<\/a> guilty to criminal charges including fraud and political campaign violations in relation to the collapse of FTX. Singh forfeited<\/a> the home as part of the plea agreement.<\/p>\n So far, the defense have struggled<\/a> to poke holes in the prosecution\u2019s case against Bankman-Fried but managed to see some success with Singh whose memory remained hazy throughout questioning. He struggled to recall details on a range of matters, from what was said in court yesterday, to a meeting with prosecutors that took place in January.<\/p>\n \u201cDid you expect FTX to last as a business?\u201d asked Mark Cohen, Bankman-Fried\u2019s lawyer. \u201cI don\u2019t recall what I expected,\u201d Singh said.<\/p>\n After Singh\u2019s cross-examination, the prosecution called FBI agent Richard Busick to the stand.\u00a0<\/p>\n