Nishad Singh Sentenced to Time Served in FTX Case

Nishad Singh, the former head of engineering at FTX, has been sentenced to time served and three years of supervised release after pleading guilty to multiple charges related to the exchange's collapse. U.S. District Judge Lewis Kaplan noted Singh's cooperation with federal prosecutors, which included revealing critical details about FTX's fraudulent activities and campaign finance violations. Singh's involvement was deemed 'far more limited' compared to other executives like Sam Bankman-Fried and Caroline Ellison, leading to a lighter sentence despite potential maximum penalties of 75 years. The prosecution highlighted Singh's 'earnest remorse' and essential support in ongoing investigations, particularly his insights into unauthorized campaign contributions. The outcome of Singh's case reflects the broader legal challenges facing FTX executives and may influence future regulatory scrutiny in the cryptocurrency sector. Singh's cooperation and character references, including a letter from current FTX CEO John Ray, contributed significantly to the leniency of his sentence.