Former FTX executive Nishad Singh is seeking leniency from a US federal judge for his role in the collapse of the exchange. Singh’s legal team emphasized his cooperation with authorities and the limited nature of his involvement in a memorandum filed on Oct. 16. They are requesting a reduced sentence based on his quick response to the investigation and his actions after recognizing FTX’s misconduct.
Singh is one of several former FTX executives facing sentencing for their roles in the scandal. This includes FTX co-founder Gary Wang, who is also awaiting sentencing, and Ryan Salame, who was sentenced to 7.5 years in prison earlier this year. Caroline Ellison, former CEO of Alameda Research, received a two-year sentence in September for her involvement in FTX’s fraudulent activity.
Meanwhile, former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison for orchestrating the fraud that led to the exchange’s collapse. He has filed an appeal to overturn his sentence, claiming judicial bias and procedural errors during his trial. The defense argues that key defense arguments, including SBF’s reliance on legal advice, were restricted during the trial.
As SBF’s appeal progresses, it remains uncertain whether he will secure a new trial or continue serving his sentence. In contrast, Singh’s sentencing is expected to unfold in the coming months. The defense team highlighted Singh’s extraordinary circumstances, personal history, and proactive collaboration with authorities as reasons for leniency in his case.
