US EditionEx-FTX executive spared prison sentence after cooperating against Sam Bankman-Fried
- An ex-FTX executive was spared a prison sentence for cooperating against Sam Bankman-Fried, as noted by Judge Lewis A. Kaplan, who called his cooperation 'remarkable.'
- The ex-FTX executive, Singh, expressed being 'blindsided and horrified' upon learning the full extent of the fraud perpetrated by his firm.
- Singh's defense emphasized that he only discovered the fraud two months before FTX declared bankruptcy in November 2022.
31 Articles
31 Articles
Sam Bankman-Fried’s ex-deputy avoids prison time over FTX fraud: ‘Strayed so far from my values’
Former cryptocurrency executive Nishad Singh, who once shared a $35 million Bahamas penthouse with FTX founder Sam Bankman-Fried, was spared prison time by a judge on Wednesday for his role in the theft by his imprisoned former boss of about $8 billion in customer funds from the now-bankrupt exchange.
Associated Press News
Ex-FTX executive spared prison sentence after cooperating against Sam Bankman-Fried
An ex-FTX executive who testified against the cryptocurrency firm's founder at his trial last year has been spared a prison sentence. A federal judge on Wednesday credited the leniency shown
FTX's Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse
NEW YORK – Nishad Singh, former director of engineering at FTX and a one-time member of Sam Bankman-Fried’s inner circle, was sentenced to time served by a federal judge on Wednesday, meaning he’s not going to prison like his former colleagues. Singh, 29, who pleaded guilty to six criminal counts including wire fraud and conspiracy last... The post FTX’s Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse appeared first on Dail…
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