November 2, 2024 at 06:40 PM GST updated: November 2, 2024 at 06:16 PM 2 mins read News The U.S. government is negotiating with PACs to recover $13.25M in donations from former FTX executives. Political groups tied to Democrats received funds from FTX’s Bankman-Fried and Singh, totaling $13.25M. Former FTX exec Nishad Singh testified he…
It’s been another busy week in crypto: Donald Trump’s World Liberty Financial is planning to launch a stablecoin, BlackRock’s spot Bitcoin ETF hit $30 billion in assets in 293 days, ex-FTX executive Nishad Singh avoided prison, and Immutable received a Wells notice from the SEC. Let’s take a closer look at these and give you…
Former FTX chief engineer Nishad Singh was granted leniency from prison during his sentencing in the FTX cryptocurrency fraud case on Wednesday. Federal Judge Lewis A. Kaplan sentenced Singh to time served and recognized him for his lengthy cooperation with the ongoing investigation against FTX founder Sam BankmanFreid. Singh will receive three years of supervised…
US prosecutors have requested that the court favorably consider former FTX executive Nishad Singh’s “substantial assistance” during their investigation into the failed crypto exchange, according to an Oct. 23 court filing. The prosecutors noted that he approached his cooperation with genuine remorse and a strong desire to help. According to the authorities, Singh’s “exemplary cooperation”…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Nishad Singh, a former executive at the now-defunct FTX Derivative Exchange, stands at a crossroads as government prosecutors advocate for leniency in his sentencing. They argue that Singh’s substantial assistance was vital in peeling back the layers of the FTX scandal. The prosecutors urged the sentencing judge to consider…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Nishad Singh, former FTX Director of Engineering, asks for no jail time as his sentencing date approaches. His legal team claims his involvement in the FTX collapse was limited and far different from that of other FTX executives. A Plea for Mercy Based on Unique Circumstances Singh’s lawyers argue…
Nishad Singh’s lawyers claim he is an “uncommonly selfless individual” They believe he should receive a lighter sentence because of his limited role in FTX’s collapse The former head of engineering at FTX has asked a judge to spare him a prison sentence, according to lawyers representing him. According to Bloomberg, Nishad Singh’s lawyers filed…