Bitcoin
FTX’s Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse

Credit : www.coindesk.com
Singh, 29, who pleaded responsible in February to 6 felonies, together with wire fraud and conspiracy, is the fourth FTX govt to be convicted for his position within the fraud. Bankman-Fried was sentenced to 25 years in jail in March for his position as chief. Former FTX Digital Markets CEO Ryan Salame, who didn’t testify in opposition to Bankman-Fried, lately started serving his 7.5-year jail sentence. And so was Caroline Ellison, former CEO of Alameda Analysis and former pal of Bankman-Fried sentenced to 2 years by the identical decide, District Decide Lewis Kaplan of the Southern District of New York (SDNY), final month – her sentence was grossly understated as a consequence of her immediate and in depth cooperation with prosecutors.
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