Nishad Singh, the former head of engineering at FTX, has requested a judge to spare him from prison time. His attorneys argued that his limited role in the exchange’s collapse, cooperation with investigators, and commitment to a “exemplary life” warrant leniency.
Attorneys Highlight Singh’s Character and Limited Role.
In a sentencing recommendation memo filed on October 16, Singh’s legal team emphasized his “extraordinary circumstances,” including his personal history, minimal involvement in the offenses, and efforts to rebuild his life post-FTX. They described him as an “uncommonly selfless individual,” citing over 100 letters of support from family, friends, and former colleagues.
Singh pleaded guilty to six criminal charges in February 2023, including conspiracy to commit fraud. He admitted to writing code that gave FTX’s sister company, Alameda Research, preferential treatment and helping backdate transactions to improve the exchange’s financial appearance.
Prosecutors Detail Singh’s Involvement
Prosecutors, however, noted that Singh was aware of FTX founder Sam Bankman-Fried’s transfer of customer funds and withdrew at least $6 million for personal use. They also accused him of assisting in efforts to conceal the company’s financial troubles.
Singh has apologized for his actions and pledged to repay the money he gained. He was among the first to cooperate with investigators after FTX’s collapse.
Other FTX Executives Face Prison Time
Other former FTX executives have already been sentenced. SBF is serving a 25-year sentence, while Caroline Ellison and Gary Wang face prison terms of two years and up to 75 years, respectively.