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US gov’t cites ex-FTX exec’s ‘exemplary cooperation’ before sentencing

  • Former FTX engineering director Nishad Singh, who pleaded guilty and cooperated with authorities, provided 'substantial assistance' to the United States government.
  • Prosecutors asked Judge Lewis Kaplan to consider Singh’s cooperation in the prosecution of former FTX CEO Sam 'SBF' Bankman-Fried and former FTX Digital Markets co-CEO Ryan Salame.
  • Singh's testimony helped the jury understand how FTX's code permitted the illegal use of customers' funds and identified the transactions by Bankman-Fried involving stolen money.
  • Singh is scheduled for sentencing on October 30 after pleading guilty to fraud and conspiracy charges in 2023.

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