Former head of the engineering department at FTX Nishad Singh avoided prison time, receiving three years of probation and a fine of $11 billion. Judge Lewis A. Kaplan noted his 'remarkable' cooperation and less significant role in the fraud compared to FTX founder Sam Bankman-Fried and former CEO of Alameda Research Caroline Ellison.
Singh's lawyers successfully proved that his involvement in the crime was limited, and they emphasized his efforts to rebuild his life after the FTX collapse. Prosecutors noted that Singh provided important information, helping to uncover previously unknown crimes, including a campaign financing scheme.