US government lawyer defends Nishad Singh, says he provided “substantial assistance” in FTX investigation

U.S. government prosecutors in the case of former FTX executive Nishad Singh have asked the sentencing judge to consider Singh’s “extensive assistance” and “exemplary cooperation” in the government’s investigation of FTX. In a filing on Oct. 23, prosecutors said Singh “demonstrated genuine remorse and a desire to help.” Singh assisted the government in understanding how FTX’s code allowed for the illegal use of customer funds and detailed transactions Sam Bankman-Fried conducted using the stolen money. In February 2023, the former engineering executive pleaded guilty to six criminal charges, including fraud and conspiracy, related to FTX’s collapse last November. Last week, his lawyers asked a federal judge to spare him a prison sentence in sentencing documents filed on Oct. 16. They described him as an “unusually selfless individual,” claimed he had a limited role at FTX, and detailed his cooperation with authorities. Singh and former FTX CTO Gary Wang are both awaiting sentencing.