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Nishad Singh receives FTX chief’s support ahead of today’s sentencing

Former FTX exec Nishad Singh is scheduled to be sentenced today and has received a letter of support from FTX bankruptcy CEO John J. Ray III.

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.

Rumors of a $16 billion payout to victims of the FTX fraud circulated on social media. Some people thought they would receive money today.

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

Caroline Ellison has been sentenced to two years in prison for her role in the FTX-Alameda Research fraud.