FTX’s Nishad Singh Will get No Jail Time for Position in Crypto Trade Collapse

FTX’s Nishad Singh Will get No Jail Time for Position in Crypto Trade Collapse

by Jeremy

Singh, 29, who pleaded responsible to 6 legal counts together with wire fraud and conspiracy in February, is the fourth FTX government to be sentenced for his position within the fraud. Bankman-Fried was sentenced to 25 years in jail in March for his position as ringleader. Former FTX Digital Markets CEO Ryan Salame, who didn’t testify in opposition to Bankman-Fried, lately started serving his 7.5 yr jail sentence. And Caroline Ellison, former Alameda Analysis CEO and one-time girlfriend of Bankman-Fried, was sentenced to 2 years by the identical decide, District Decide Lewis Kaplan of the Southern District of New York (SDNY), final month – her sentence closely discounted by her immediate and intensive cooperation with prosecutors.

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