After pleading guilty to six felony charges in February 2023 after FTX’s collapse, the former engineering director could face years in prison.
On Oct. 30, almost two years after cryptocurrency exchange FTX experienced a liquidity crisis and filed for bankruptcy, former engineering director Nishad Singh will stand before a judge in a New York courtroom and await sentencing for his crimes.
After FTX collapsed in 2022, US prosecutors indicted Singh and four of his colleagues for charges that included fraud and campaign finance violations.
Former FTX CEO Sam Bankman-Fried, the public face of the exchange and allegedly the most culpable in its downfall, went to trial after pleading not guilty. He was later sentenced to 25 years in prison — the first to face the consequences of his actions.
