Nishad Singh, a Top FTX Executive, Is Given No Prison Time After Cooperation

Published On Oct 30, 2024, 4:23 PM

Nishad Singh, a former executive at the collapsed FTX cryptocurrency exchange, was sentenced to three years of supervised release after pleading guilty to fraud and campaign finance violations. His cooperation with authorities helped him avoid prison time. Singh's guilty plea was linked to a broader case involving significant fraud that led to the drain of $8 billion from customer accounts at FTX. Other executives involved in the scandal have faced various sentences, with Sam Bankman-Fried receiving 25 years in prison for his role.