U.S. government lawyers defend Nishad Singh, stating that he provided "substantial assistance" in the FTX investigation

2024-10-24 17:37:41
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ChainCatcher news, according to CoinDesk, U.S. prosecutors handling the case of former FTX executive Nishad Singh have requested that the sentencing judge consider Singh's "substantial assistance" and "exemplary cooperation" in the government's investigation of FTX.

In a filing submitted on October 23, prosecutors stated that Singh "has shown genuine remorse and a willingness to help." Singh assisted the government in understanding how FTX's code allowed for the illegal use of customer funds and detailed the transactions made by Sam Bankman-Fried using the stolen funds.

In February 2023, the former engineering chief pleaded guilty to six criminal charges, including fraud and conspiracy, related to the collapse of FTX in November last year. Last week, his lawyers requested a federal judge to waive his imprisonment in a sentencing document submitted on October 16. They described him as "an unusually selfless person," claiming that his role at FTX was limited and detailing his cooperation with authorities. Singh and former FTX Chief Technology Officer Gary Wang are both awaiting sentencing.

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