FTX's Nishad Singh Avoids Prison, Receives Supervised Release for Crypto Fraud Role

Singh's cooperation with prosecutors and limited involvement led to a lenient sentence despite his role in the $8 billion FTX fraud.

Nishad Singh, former head of engineering at FTX, was sentenced to time served and three years of supervised release, avoiding prison time.
Singh was ordered to forfeit $11 billion and faced a potential maximum sentence of 75 years, highlighting the gravity of the charges.
Judge Lewis Kaplan noted Singh's cooperation as 'remarkable,' acknowledging his role was less significant compared to Sam Bankman-Fried and Caroline Ellison.
Singh's testimony was pivotal in Bankman-Fried's conviction, and his cooperation revealed previously unknown criminal activities.
Family, friends, and over 100 letters of support highlighted Singh's remorse and his efforts to assist in the investigation.