A judge in the New York Federal Court has ruled to spare former FTX chief engineer Nishad Singh from prison. Singh's testimony had assisted authorities in convicting FTX founder SBF, who was sentenced to 25 years in prison. Before his sentencing, Singh expressed remorse and stated that the period surrounding FTX's collapse was the most difficult time of his life. This ruling marks the most lenient judgment so far against former FTX executives. Other former FTX executives have also been sentenced. Singh's lawyer attempted to distinguish him from other executives, arguing that he was not part of the core conspiracy of the case. Singh helped the government understand how FTX's code allowed for the illegal use of customer funds and provided detailed accounts of SBF's transactions using embezzled funds.

Nishad Singh, the former chief engineer of FTX, has been sentenced to avoid prison time, according to a ruling by a federal judge in New York. Singh's attorney argued that he did not learn about Alameda Research's misappropriation of customer funds until September 2022. As a key witness, his testimony helped convict the mastermind behind the fraud case. Additionally, Singh agreed to forfeit properties in Washington State, shares in Anthropic PBC, and other cryptocurrency assets.

According to Foresight News, a report from Bloomberg states that U.S. District Judge Lewis A. Kaplan ruled that Nishad Singh, the former chief engineer of FTX, will not serve jail time. Nishad Singh's lawyer argued that "he is fundamentally different from Gary Wang and Caroline Ellison, as Nishad Singh only learned about Alameda Research misappropriating billions of dollars in customer funds in September 2022, two months before FTX's bankruptcy." As a key witness, his testimony helped convict the mastermind behind the fraud, FTX founder SBF. Additionally, Nishad Singh has agreed to forfeit his property in Washington State, shares in Anthropic PBC, and other crypto assets.

Former FTX Chief Engineer Nishad Singh has been sentenced to avoid prison.

FTX’s former engineering director Nishad Singh is spared jail. Singh, as a key witness, helped convict the mastermind of the fraud, FTX founder SBF. Singh's lawyers argued that he was not part of the core conspiracy. Singh agreed to forfeit his property and crypto assets. FTX co-founder Gary Wang will be sentenced on November 20.

BlockBeats news, October 31, according to Bloomberg, the New York federal court was ruled by Judge Lewis A. Kaplan to spare former FTX engineering director Nishad Singh from jail for his role in the multi-billion dollar fraud case involving the crypto exchange FTX. Singh, as a key witness, his testimony helped convict the mastermind of the fraud, FTX founder SBF. Singh's lawyers tried to distinguish him from Gary Wang and Caroline Ellison, arguing that he was not part of the core conspiracy in this case. Singh first learned in September 2022, two months before the collapse of FTX, that sister hedge fund Alameda Research had been embezzling billions of dollars in customer funds. Judge Kaplan also agreed with this view, saying: "Your situation is different from that of Caroline Ellison. She has known what was going on for years. She has received a lot of recognition for her cooperation, but you deserve more." Singh also agreed to forfeit his Washington state property, Anthropic PBC shares, and other crypto assets. FTX co-founder Gary Wang will be sentenced on November 20, the last of the U.S. government’s key cooperating witnesses to be tried.

Former FTX Engineering Director Nishad Singh Spared Jail

According to a report by Bloomberg, Judge Lewis A. Kaplan of the New York Federal Court ruled that former FTX engineering director Nishad Singh would not be sentenced to prison for his role in the multi-billion dollar fraud case involving the cryptocurrency exchange FTX. Singh, as a key witness, provided testimony that helped convict the mastermind of the fraud case, FTX founder SBF. Singh's lawyers attempted to distinguish him from Gary Wang and Caroline Ellison, arguing that he was not part of the core conspiracy of the case. Singh first learned in September 2022—two months before the collapse of FTX—that the sister hedge fund Alameda Research had been misappropriating billions of dollars in customer funds. Judge Kaplan agreed with this perspective, stating, "Your situation is different from Caroline Ellison's, who knew what was happening for years. She received a lot of recognition for her cooperation, but you deserve more." Singh also agreed to forfeit his property in Washington State, shares in Anthropic PBC, and other cryptocurrency assets. FTX co-founder Gary Wang is scheduled to be sentenced on November 20, making him the last of the key cooperating witnesses for the U.S. government awaiting trial.

BlockBeats reported on October 31 that, according to Bloomberg, Judge Lewis A. Kaplan of the New York Federal Court ruled that former FTX engineering director Nishad Singh will avoid prison time due to his role in the multi-billion dollar fraud case involving the cryptocurrency exchange FTX. Singh, as a key witness, provided testimony that helped convict the mastermind of the fraud, FTX founder SBF. Singh's lawyer attempted to distinguish him from Gary Wang and Caroline Ellison, arguing that he was not part of the core conspiracy in the case. Singh first learned in September 2022—two months before the collapse of FTX—that the sister hedge fund Alameda Research had been misappropriating billions of dollars of customer funds. Judge Kaplan also agreed with this viewpoint, stating: "Your situation is different from Caroline Ellison's, who knew what was happening for years. She has received a lot of recognition for her cooperation, but you deserve more." Singh also agreed to forfeit his property in Washington State, shares in Anthropic PBC, and other crypto assets. FTX co-founder Gary Wang is scheduled to be sentenced on November 20; he is the last of the key government cooperating witnesses awaiting trial.

Nishad Singh, the former engineering director of FTX, has been sentenced to avoid prison.

According to Bloomberg, New York Federal Court Judge Lewis A. Kaplan ruled that former FTX engineering director Nishad Singh would be spared prison time due to his role in the multi-billion dollar fraud case involving the cryptocurrency exchange FTX. Singh, as a key witness, provided testimony that helped convict the mastermind of the fraud case, FTX founder SBF. Singh's lawyer attempted to distinguish him from Gary Wang and Caroline Ellison, arguing that he was not part of the core conspiracy of the case. Singh first learned in September 2022—two months before FTX collapsed—that the sister hedge fund Alameda Research had been misappropriating billions of dollars in customer funds. Judge Kaplan agreed with this perspective, stating, "Your situation is different from Caroline Ellison's, who has known what was happening for years. She has received a lot of recognition for her cooperation, but you deserve more." Singh also agreed to forfeit his property in Washington state, shares in Anthropic PBC, and other crypto assets. FTX co-founder Gary Wang is set to be sentenced on November 20, making him the last of the key cooperating witnesses for the U.S. government awaiting trial.

PANews, October 31 - According to Bloomberg, a New York federal court judge, Lewis A. Kaplan, ruled that former FTX engineering director Nishad Singh will not serve prison time due to his role in the multi-billion dollar fraud case involving the cryptocurrency exchange FTX. As a key witness, Singh's testimony helped convict the mastermind of the fraud, FTX founder SBF.

Singh's lawyer attempted to distinguish him from Gary Wang and Caroline Ellison, arguing that he was not part of the core conspiracy of the case. Singh first learned in September 2022—two months before FTX's collapse—that the sister hedge fund, Alameda Research, had been misappropriating billions of dollars in customer funds. Judge Kaplan also agreed with this point, stating, "Your situation is different from Caroline Ellison's, who has known what was happening for years. She has received a lot of recognition for her cooperation, but you deserve it more." Singh also agreed to forfeit his property in Washington State, shares in Anthropic PBC, and other crypto assets.

FTX co-founder Gary Wang is set to be sentenced on November 20, making him the last defendant among the key cooperating witnesses for the U.S. government to be tried.

Nishad Singh, the former engineering director of FTX, has been sentenced to avoid prison time.

New York federal court judge Lewis A. Kaplan sentenced Nishad Singh, former chief engineer of FTX, to avoid jail time. This is the most lenient sentence ever given to a former FTX executive. Singh was a key witness whose testimony helped prosecutors successfully convict FTX founder SBF, who is currently serving a 25-year sentence. Caroline Ellison was sentenced to two years in prison and Ryan Salame was sentenced to seven and a half years in prison.


According to Wu Shuo, as reported by Bloomberg, U.S. District Judge Lewis A. Kaplan has ruled that former FTX chief engineer Nishad Singh will not go to prison. Singh, as a key witness, provided testimony that helped prosecutors successfully convict FTX founder Sam Bankman-Fried (SBF), who is currently serving a 25-year sentence. This is the most lenient sentence given to a former FTX executive to date. In contrast, former Alameda Research CEO Caroline Ellison was sentenced to two years in prison, and former FTX digital markets CEO Ryan Salame was sentenced to seven and a half years in prison for involvement in campaign finance issues.

According to Wu's report, citing Bloomberg, Judge Lewis A. Kaplan of the New York Federal Court ruled that Nishad Singh, the former chief engineer of FTX, will not serve time in prison. Singh, as a key witness, provided testimony that helped prosecutors successfully convict FTX founder Sam Bankman-Fried (SBF), who is currently serving a 25-year sentence. This is the most lenient sentence so far for former FTX executives. In contrast, Caroline Ellison, the former CEO of Alameda Research, was sentenced to two years in prison, while Ryan Salame, the former CEO of FTX Digital Markets, was sentenced to seven and a half years in prison for his involvement in campaign finance schemes.

FTX Chief Engineer Nishad Singh is spared from prison before the judge's ruling.

According to a report by Bloomberg on October 31, New York Federal Court Judge Lewis A. Kaplan ruled that former FTX Chief Engineer Nishad Singh is exempt from prison. As a key witness, Singh's testimony helped prosecutors successfully convict FTX founder Sam Bankman-Fried (SBF), who is currently serving a 25-year sentence. This is the most lenient ruling to date for former FTX executives. In contrast, former Alameda Research CEO Caroline Ellison was sentenced to two years in prison, while former FTX Digital Markets CEO Ryan Salame was sentenced to seven and a half years due to involvement in campaign finance violations. The court recognized that Singh only learned of Alameda Research's embezzlement of client funds two months before the collapse. Singh expressed deep remorse for his involvement in the fraudulent activities during the trial, and prosecutors acknowledged his "exemplary cooperation" during the investigation.

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According to Deep Tide TechFlow, on October 31, Bloomberg reported that U.S. District Judge Lewis A. Kaplan ruled that former FTX Chief Engineer Nishad Singh will not serve prison time. As a key witness, Singh's testimony helped prosecutors successfully convict FTX founder Sam Bankman-Fried (SBF), who is currently serving a 25-year sentence. This is the most lenient sentence given to former FTX executives to date.
In contrast, former Alameda Research CEO Caroline Ellison was sentenced to two years in prison, and former FTX digital markets CEO Ryan Salame received a seven-and-a-half-year sentence for his involvement in campaign finance schemes. The court acknowledged that Singh only learned about Alameda Research's misappropriation of customer funds two months before the collapse. Singh expressed deep remorse for his involvement in the fraudulent activities during the trial, and the prosecution recognized his "exemplary cooperation" during the investigation.
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Odaily Planet Daily reports that U.S. Federal Judge Lewis A. Kaplan has ruled that former FTX Chief Engineer Nishad Singh will not face prison time. Singh's testimony aided authorities in convicting FTX founder SBF, who was sentenced to 25 years in prison. Before his sentencing, Singh told the judge, "I feel immense remorse for my involvement in the events and the harm caused to so many innocent people. The two months before and after FTX's collapse were the hardest times of my life." Before leaving the court, Kaplan addressed Singh's parents in a "private" manner, saying, "I don't think you did anything wrong." Singh's ruling is the most lenient sentence to date for former FTX executives who admitted their guilt after the collapse of FTX. Alameda Research CEO Caroline Ellison was sentenced to two years in prison in September. Former FTX Digital Markets CEO Ryan Salame was sentenced to seven and a half years for his involvement in campaign finance schemes, and he did not testify. FTX co-founder Gary Wang is set to be sentenced on November 20, and he is the last key cooperating witness for the government. Singh's attorney attempted to distinguish him from Wang and Ellison, arguing that he was not part of the core conspiracy of the case. Singh first learned about the sister hedge fund Alameda Research withdrawing billions of dollars in customer funds two months before the collapse of FTX in September 2022. The judge also agreed with this. (Bloomberg) Previously, U.S. government prosecutors handling Nishad Singh's case had requested the sentencing judge to consider Singh's "substantial assistance" and "exemplary cooperation" in the government's investigation of FTX. In a filing submitted on October 23, prosecutors stated that Singh "has shown genuine remorse and a willingness to help." Singh assisted the government in understanding how FTX's code allowed for the illegal use of customer funds and detailed the transactions that Sam Bankman-Fried conducted with the illicit proceeds.

Before the judge's ruling, FTX Chief Engineer Nishad Singh was spared from prison.

Nishad Singh, former FTX chief engineer, received a sentence of time served and three years of supervised release. He cooperated in the case against ex-CEO Sam Bankman-Fried, aiding in fund recovery.

FTX Exec Nishad Singh Avoids Lengthy Prison Term for Aiding in Fraud Case

FTX former director of engineering Nishad Singh has been sentenced to three years of supervised release for his role in the exchange's collapse. He will not serve any prison time. Singh pleaded guilty to six charges, including conspiracy to commit money laundering and campaign finance violations. The judge praised Singh's cooperation and called it remarkable. Singh's sentencing comes after the convictions of FTX founder Sam Bankman-Fried and former FTX Digital Markets CEO Ryan Salame.

 Nishad Singh, former director of engineering at FTX, has been sentenced to time served with three years of supervised release for his role in the exchange’s collapse. He will not serve any prison time.    Singh, who was a government witness in FTX founder Sam Bankman-Fried’s criminal trial last fall, in February 2023 pleaded guilty to six charges, including conspiracy to commit money laundering and conspiracy to commit campaign finance violations.    His lawyers earlier this month asked the court to sentence Singh to no prison time.    “I’m not foolish enough to think there was no self interest involved, obviously,” Judge Lewis Kaplan told Singh of his cooperation. “But you did the right thing.”    Singh’s parents, fiancé and numerous extended family members and friends filled the gallery Wednesday afternoon. After handing down his sentence, Kaplan addressed Singh’s parents.    “This is purely personal,” he said. “I don’t see anything you did wrong.”    Singh’s mother mouthed “thank you” to Kaplan in response.    The guideline sentencing for Singh’s offenses and criminal history suggested 75 years in prison, court filings show. Kaplan on Wednesday told Singh that his cooperation was “remarkable.”     Judge Kaplan: Your cooperation has been remarkable. You are a very important cooperator. It has contributed to an appropriate outcome all around. Caroline Ellison got credit, but you deserve more. I sentence you to time served, 3 years supervised release&mdash; Inner City Press (@innercitypress) October 30, 2024     Prosecutors in a letter to the court last week emphasized Singh’s “exemplary cooperation” that contributed to the “successful prosecutions” of Bankman-Fried and former FTX Digital Markets CEO Ryan Salame.    Read more: SBF’s ambitions went too far, judge says when handing down 25-year sentence    Bankman-Fried is currently serving a 25 year sentence after being convicted of two counts of wire fraud, two counts of conspiracy to commit wire fraud, one count of conspiracy to commit securities fraud, one count of conspiracy to commit commodities fraud and one count of conspiracy to commit money laundering.    Salame is currently serving a 7.5 year sentence after he pleaded guilty to two counts of campaign finance violations and operating an unlicensed money-transmitting business. Salame entered his guilty plea just ahead of Bankman-Fried’s jury trial but did not serve as a witness for either the defense or prosecution.    Singh’s sentencing comes roughly a month after former Alameda Research CEO Caroline Ellison was sentenced to 24 months in prison. Ellison in December 2022 pleaded guilty to seven federal counts and served as a key witness in Bankman-Fried’s 2023 trial. Prosecutors had requested Ellison serve no jail time in exchange for her “extraordinary cooperation.”    Ellison deserved leniency for her cooperation, Kaplan told the court Wednesday, but Singh “deserved more.”    FTX co-founder Gary Wang, who also testified against Bankman-Fried, is scheduled to be sentenced next month. Wang in 2022 pleaded guilty to four counts of fraud and conspiracy in December 2022.        Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.    Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.    Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.    The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus. 

Former FTX Engineering Head Sentenced to 3 Years of Supervised Release

Nishad Singh, former FTX executive, sentenced to time served after pleading guilty to six felony charges and cooperating with prosecutors and FTX's debtors.

<img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/10/31/8sjstttnwobg.png'/>Nishad Singh will receive no prison time after pleading guilty to six felony charges in February 2023, cooperating with prosecutors and FTX’s debtors after the exchange’s collapse.

Former FTX Executive Sentenced to Time Served After Guilty Plea

纽约联邦法院的一名法官裁定，前FTX首席工程师Nishad Singh不需入狱。Singh的证词帮助当局定罪了FTX创始人SBF，后者被判处25年监禁。在判刑前，Singh表达了悔意，并表示FTX崩溃期间是他一生中最艰难的时光。这一裁决是迄今为止对前FTX高管最宽大的一次判决。其他前FTX高管也已被判刑。Singh的律师试图将他与其他高管区分开来，认为他并不是案件核心阴谋的一部分。Singh帮助政府理解FTX的代码如何使客户资金被非法使用，并提供了SBF使用挪用资金进行交易的详细记录。

在法官的裁决之前，FTX 首席工程师 Nishad Singh 被免于入狱。

紐約聯邦法院的一名法官裁定，前FTX首席工程師Nishad Singh不需入獄。Singh的證詞幫助當局定罪了FTX創始人SBF，後者被判處25年監禁。在判刑前，Singh表達了悔意，並表示FTX崩潰期間是他一生中最艱難的時光。這一裁決是迄今爲止對前FTX高管最寬大的一次判決。其他前FTX高管也已被判刑。Singh的律師試圖將他與其他高管區分開來，認爲他並不是案件核心陰謀的一部分。Singh幫助政府理解FTX的代碼如何使客戶資金被非法使用，並提供了SBF使用挪用資金進行交易的詳細記錄。