PANews reported on October 24 that according to CoinDesk, the U.S. government prosecutors trying the case of former FTX executive Nishad Singh have asked the sentencing judge to consider Singh's "substantial assistance" and "exemplary cooperation" in the government's investigation of FTX. In a document filed on October 23, prosecutors said Singh "showed sincere remorse and a desire to help." Singh assisted the government in understanding how FTX's code allowed the illegal use of customer funds and described in detail the transactions Sam Bankman-Fried conducted using the stolen money.
In February 2023, the former engineering executive pleaded guilty to six criminal charges, including fraud and conspiracy, related to FTX's collapse last November. Last week, his lawyers asked a federal judge to spare him prison in sentencing documents filed on Oct. 16. They described him as an "unusually selfless individual," claiming that he had a limited role at FTX and detailing his cooperation with authorities. Singh and former FTX CTO Gary Wang are both awaiting sentencing.
