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

Singh, 29, who pleaded responsible to 6 prison counts together with wire fraud and conspiracy in February, is the fourth FTX government to be sentenced for his function within the fraud. Bankman-Fried was sentenced to 25 years in jail in March for his function as ringleader. Former FTX Digital Markets CEO Ryan Salame, who didn’t testify in opposition to Bankman-Fried, not too long ago 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 choose, District Choose Lewis Kaplan of the Southern District of New York (SDNY), final month – her sentence closely discounted by her immediate and in depth cooperation with prosecutors.