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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…
Nishad Singh, FTX's former engineering director, was sentenced on Wednesday after pleading guilty to criminal charges, including fraud.
Nishad Singh, former engineering director at defunct exchange FTX, was sentenced to time served and three years of supervised release on Oct. 30 for his role in misappropriating user funds and violating campaign finance laws. The decision, handed down by US District Judge Lewis Kaplan, follows Singh…
John Ray laid out the importance of Nishad Singh’s future cooperation to FTX’s bankruptcy, hours before the crypto executive's sentencing.
The bankrupt crypto exchange FTX has reached a settlement with the digital asset exchange Bybit to the tune of hundreds of millions of dollars. Last week, FTX’s legal team submitted a motion approving a settlement agreement with Bybit stemming from FTX’s claims that Bybit had refused to allow the ba…
FTX has reached a $228 million settlement with crypto exchange Bybit and its affiliates, concluding a lawsuit filed in Nov. 2023 that sought to recover approximately $1 billion in assets. The agreement allows FTX to withdraw $175 million in digital assets held on Bybit’s platform and sell about $53 …
The settlement is expected to allow FTX to recover a significant amount of funds held on Bybit since its collapse in 2022.
FTX and Bybit reached a $2.28 billion deal to resolve disputes. FTX aims to refund over $12.6 billion to affected users. Continue Reading:FTX Resolves Dispute with Bybit Through a $2.28 Billion Agreement The post FTX Resolves Dispute with Bybit Through a $2.28 Billion Agreement appeared first on COI…
Former FTX executive Nishad Singh is asking a US federal judge for leniency ahead of his sentencing for his role in the exchange’s collapse. In a memorandum filed on Oct. 16, Singh’s legal team emphasized his cooperation with authorities and the limited nature of his involvement, requesting a reduce…
The fallout from FTX's collapse resulted in numerous lawsuits and settlements, as per CoinGecko.
Salame pled guilty in September to conspiring to make unlawful political contributions as well as conspiracy to operate an unlicensed money-transmitting business.
The way former FTX executive Ryan Salame prepares to start his 7.5-year prison sentence has surprised the crypto community. His recent social media updates sparked a wave of memes and jokes among industry figures and community members, who shared their thoughts about his unconventional LinkedIn post…