Former head of engineering at FTX Nishad Singh was sentenced to time served and three years of supervised release after aiding in the investigation into FTX’s downfall. Singh faced up to 75 years but received a reduced sentence for his extensive cooperation, forfeiting $11 billion and revealing previously unknown misconduct at the crypto firm. Judge Lewis Kaplan noted Singh’s minor role compared to Sam Bankman-Fried and Caroline Ellison, key figures in FTX’s collapse. Singh expressed regret for straying from his values and emphasized his commitment to assisting the investigation.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Former head of engineering at FTX, Nishad Singh was sentenced to time served and three
00:06years of supervised release after aiding in the investigation into FTX's downfall.
00:12Singh faced up to 75 years but received a reduced sentence for his extensive cooperation,
00:17forfeiting $11 billion and revealing previously unknown misconduct at the crypto firm.
00:22Judge Louis Kaplan noted Singh's minor role compared to Sam Bankman-Fried and Caroline
00:27Ellison, key figures in FTX's collapse.
00:30Singh expressed regret for straying from his values and emphasized his commitment to assisting
00:35the investigation.
00:36For all things money, visit Benzinga.com slash GSTV.