Former FTX Chief Engineer Nishad Singh Avoids Prison Sentence

Nishad Singh, the former chief engineer of FTX, has been sentenced to time served and three years of probation. He avoided prison time for his role in the multi-billion dollar fraud at the collapsed cryptocurrency exchange.

- Singh faces an $11 billion forfeiture, becoming the fourth FTX employee to be prosecuted.

- Judge Lewis A. Kaplan in New York emphasized Singh's significant cooperation and his limited role in the fraud.

- Singh has met with prosecutors more than 24 times, providing important information about previously unknown crimes.

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