Former FTX Executive Nishad Singh Avoids Prison Time: Must Forfeit $11 Billion

TLDR: Nishad Singh, former FTX engineering head, received no jail time but 3 years supervised release Singh was a key witness against Sam Bankman-Fried, who got 25 years in prison Judge praised Singh’s “remarkable” cooperation with authorities Singh must forfeit $11 billion and helped recover assets in bankruptcy proceedings Current FTX CEO John Ray III [...] The post Former FTX Executive Nishad Singh Avoids Prison Time: Must Forfeit $11 Billion appeared first on Blockonomi.