FTX's Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse

SOL Price Hits Record, Continuing Turnaround From Crypto Winter Crash

November 22, 2024

Rallies 10% and Targets More Upside

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Singh, 29, who pleaded guilty to six criminal counts including wire fraud and conspiracy last February, is the fourth FTX executive to be sentenced for his role in the fraud. Bankman-Fried was sentenced to 25 years in prison in March for his role as ringleader. Former FTX Digital Markets CEO Ryan Salame, who did not testify against Bankman-Fried, recently began serving his 7.5 year prison sentence. And Caroline Ellison, former Alameda Research CEO and one-time girlfriend of Bankman-Fried, was sentenced to two years last month – her sentence heavily discounted by her prompt and extensive cooperation with prosecutors.

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