Nishad Singh's Legal Team Seeks Leniency Citing Limited Role in FTX Collapse

Nishad Singh's Legal Team Seeks Leniency Citing Limited Role in FTX Collapse

Nishad Singh the former Director of Engineering at FTX has had his lawyers file a request with the U.S. Southern District of New York asking for no prison time following the collapse of the cryptocurrency exchange. The sentencing submission dated October 16 describes Singh as a “selfless individual” in a report released by Bloomberg on Thursday.

The request is supported by over 100 letters from family friends and former colleagues highlighting Singh’s character and contributions. Singh's legal team contends that his involvement in the FTX disaster was significantly less extensive compared to other defendants involved in the case.

The filing stated “His role was far more limited than any other defendant. He does not minimize his conduct; he pled guilty to serious crimes at the outset of this case and will regret his actions for the rest of his life.” Singh’s lawyers emphasized that he only became entangled in the conspiracy related to FTX customer funds in September 2022 just two months before the exchange's eventual collapse.

After FTX announced its bankruptcy Singh cooperated with authorities providing critical information to assist in the investigation. The submission noted “The evidence Nishad provided in those early meetings was critical to helping the government bring both Sam Bankman-Fried and Ryan Salame to justice.”

As the case continues to unfold Singh's request for leniency reflects his desire to take responsibility for his actions while highlighting his limited involvement in the broader crisis that led to FTX's downfall. The final decision on sentencing will rest with the court as it weighs the arguments presented by Singh's legal team against the gravity of the situation involving FTX and its impact on the cryptocurrency market.