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The Guardian // World // Europe

Sam Bankman-Fried’s ex-deputy Nishad Singh spared prison time over crypto fraud

Wednesday 30th October 2024, 8:45PM

Former FTX executive who shared Bahamas penthouse with Bankman-Fried pleaded guilty to six felony countsThe former cryptocurrency executive Nishad Singh, who once shared a $35m Bahamas penthouse with the FTX founder, Sam Bankman-Fried, was spared prison time by a judge on Wednesday for his role in the theft by his imprisoned former boss of about $8bn in customer funds from the now bankrupt exchange.The United States district judge Lewis Kaplan imposed the sentence during a hearing in Manhattan federal court. Continue reading...

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