Sam Bankman-Fried’s ex-deputy Nishad Singh spared prison time over crypto fraud

Former FTX executive who shared Bahamas penthouse with Bankman-Fried pleaded guilty to six felony counts

Former cryptocurrency executive Nishad Singh, who once shared a $35m Bahamas penthouse with FTX founder Sam Bankman-Fried, was spared prison time by a judge on Wednesday for his role in the theft by his imprisoned former boss of about $8bn in customer funds from the now bankrupt exchange.

United States district judge Lewis Kaplan imposed the sentence during a hearing in Manhattan federal court.