Former SBF Lieutenant Nishad Singh Avoids Jail in FTX Case
- Singh sentence compares with two years for Caroline Ellison
- Singh said that he was ‘overwhelmed with remorse’ over FTX
Nishad Singh and Claire Watanabe arrive at court in New York, on Oct. 30.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
Former FTX chief engineer Nishad Singh avoided prison time over his role in the multibillion-dollar fraud at the cryptocurrency exchange.
Singh was sentenced by Judge Lewis A. Kaplan in federal court in New York Wednesday after the 29-year-old’s testimony helped secure a conviction of the ultimate architect of the fraud, FTX founder Sam Bankman-Fried. Bankman-Fried is serving a 25-year prison term after a jury found him guilty of fraud in late 2023.