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Nishad Singh hopes to avoid prison in FTX case

Nishad Singh’s team has submitted his sentencing submission, arguing that he should avoid prison due to his extensive cooperation.

CHART: Everyone sentenced from FTX and Alameda

Caroline Ellison is the third individual related to the collapse of FTX to be sentenced. Two others will learn their fate later this year.

Two FTX and Alameda Research executives have been sentenced to prison, two have their sentencings scheduled, and one has pleaded guilty.

FTX and Alameda both agreed in July to pay creditors. However, this agreement was subject to yesterday’s court verdict.

Plaintiffs in a New York lawsuit allege that Bitfinex extended special override privileges to an account that traded a lot of BTC and USDT.