Nishad Singh’s legal professionals declare he’s an “uncommonly selfless particular person”
They imagine he ought to obtain a lighter sentence due to his restricted position in FTX’s collapse
The previous head of engineering at FTX has requested a decide to spare him a jail sentence, in accordance with legal professionals representing him.
Based on Bloomberg, Nishad Singh’s legal professionals filed a memo to a Manhattan federal decide claiming he deserves a lighter sentence because of his restricted position within the collapse of the cryptocurrency change and “the exemplary life he’s dedicated to main.”
“His circumstances are extraordinary in each means that issues to sentencing: his private historical past and traits, his position within the charged offenses, the velocity with which he cooperated, his response to the collapse of FTX, and the way he has rebuilt his life since then,” his legal professionals wrote.
Additionally they described him as an “uncommonly selfless particular person” and that his “position was way more restricted than some other defendant.”
In February 2023, Singh was charged with withdrawing $6 million of buyer funds to Alameda Analysis from FTX. He pleaded responsible to 6 legal prices together with fraud and conspiracy to commit cash laundering.
Singh additionally testified in opposition to his former boss and CEO of FTX, Sam Bankman-Fried in October.
Bankman-Fried was sentenced to 25 years in jail after being discovered responsible of fraud and conspiracy prices. Caroline Ellison, the previous CEO of Alameda Analysis, was handed a 24-month jail sentence in September. Former FTX govt Ryan Salame was sentenced to 90 months in jail in Might.
Singh is predicted to be sentenced on October 30.
