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FTX's Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse

[Oct 30 8:13 PM] Singh is the fourth FTX executive to be sentenced for his role in the fraud.

Ex-FTX exec sentenced to time served after guilty plea

[Oct 30 8:06 PM] Nishad Singh will receive no prison time after pleading guilty to six felony charges in February 2023, cooperating with prosecutors and FTX’s debtors after the exchange’s collapse.

FTX CEO hints Nishad Singh should remain free to assist bankruptcy case

[Oct 30 3:35 PM] John Ray, who took over as FTX CEO in November 2022, suggested Nishad Singh’s cooperation in the firm’s bankruptcy would be “important to maximize recovery” for creditors.

FTX estate sues KuCoin to recover over $50M in assets

[Oct 29 3:25 PM] The assets were initially valued at $28 million but now exceeded $50 million due to market fluctuations. The assets have been frozen by KuCoin since FTX's collapse in November 2022.

Coinbase to sponsor NBA team in aftermath of FTX collapse

[Oct 28 8:21 PM] FTX announced a partnership deal with the National Basketball Association’s Golden State Warriors in December 2021 — roughly a year before the exchange folded.

Nigeria frees Binance exec, Ripple appeals SEC XRP ruling: Law Decoded

[Oct 28 7:00 PM] The Nigerian government has dropped charges against a Binance exec, Ripple has filed an appeal, FTX settled with Bybit, and Denmark moves to tax unrealized crypto gains.

FTX settles lawsuit against the Bybit exchange for $228 million

[Oct 27 5:03 PM] The prices of Bitcoin and other digital assets were significantly lower during the 2022 collapse of FTX compared to current market prices.

What to expect at Nishad Singh’s sentencing hearing

[Oct 25 3:53 PM] After pleading guilty to six felony charges in February 2023 after FTX’s collapse, the former engineering director could face years in prison.

US gov’t cites ex-FTX exec’s ‘exemplary cooperation’ before sentencing

[Oct 24 4:04 PM] Prosecutors asked Judge Lewis Kaplan to consider Nishad Singh’s “substantial assistance” to the government in its case against Sam Bankman-Fried at sentencing.

Government Lawyers Defend Nishad Singh Saying He Provided ‘Substantial Assistance’ in FTX Investigation

[Oct 24 9:28 AM] Prosecutors in the case against former FTX executive Nishad Singh have asked the sentencing judge to take into account the “substantial assistance” and “exemplary cooperation” Singh provided to the government in its investigations into FTX when…

Nishad Singh asks for time served, claiming ‘limited’ role in FTX crimes

[Oct 17 4:47 PM] The former FTX engineering director pleaded guilty to fraud and conspiracy charges in February 2023 and will return to court on Oct. 30 for a sentencing hearing. 

Nishad Singh’s Lawyers Ask Judge to Spare Him Prison, Say He Is an 'Uncommonly Selfless Individual'

[Oct 17 6:02 AM] Lawyers say that his early cooperation was critical to bringing cases against Sam Bankman-Fried and Ryan Salame.

Convicted FTX executive Ryan Salame is officially in prison custody

[Oct 12 6:58 PM] During a recent appearance on Tucker Carlson's podcast, Salame claimed federal prosecutors unfairly targeted him for political reasons. 

Ex-FTX exec scheduled to report to prison after judge denies request

[Oct 11 5:00 PM] Judge Lewis Kaplan cited prosecutors’ opposition, which noted that Ryan Salame appeared “physically recovered and entirely unimpaired” during a recent Tucker Carlson interview.

FTX's Salame Hoped Dog Bite Would Delay Prison, But Tucker Carlson Derailed Effort

[Oct 11 2:58 PM] Former FTX executive Ryan Salame, convicted of violating U.S. election laws in his contribution of millions of dollars in the previous congressional elections, has been rebuffed in an 11th-hour attempt to delay his prison sentence to treat a dog…

Ryan Salame claims US unfairly targeted him over Republican donations

[Oct 11 11:55 AM] Former FTX co-CEO Ryan Salame claims his Republican campaign contributions led to unjust charges and contrasted his case with SBF’s.

Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal

[Oct 11 9:16 AM] Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn't paying out what it promised.

FTX user sues hedge fund over bankruptcy profits

[Oct 11 8:33 AM] Nikolas Gierczyk alleged that the hedge fund that bought his FTX claims refused to honor an agreement allowing additional recovery of his funds. 

FTX Bankruptcy: Key Dates For The $16 Billion Payout And Potential Market Effects

[Oct 10 1:00 AM] On Monday, a US bankruptcy court officially approved the liquidation plan for cryptocurrency exchange FTX, allowing the company to repay its customers using approximately $16 billion in recovered assets.  This decision comes at a critical time for…

Ryan Salame requests self-surrender date be pushed to Dec. 7

[Oct 9 8:49 PM] The former FTX executive claimed the need for “continuing medical treatment” after being bitten by a dog in June.

Ex-FTX exec ‘not worried’ about reporting to prison on Oct. 11

[Oct 8 6:40 PM] Ryan Salame pleaded guilty to conspiracy to make unlawful political contributions and defraud the Federal Election Commission after FTX’s collapse.

Delaware Judge Approves FTX Estate’s Bankruptcy Plan

[Oct 7 8:50 PM] A U.S. court approved FTX’s bankruptcy plan on Monday, which will see the majority of the crypto exchange’s customers get the equivalent of their 2022 losses, and then some.

MicroStrategy Surges to 6-Month High as Bitcoin Wrestles With Key Moving Average

[Oct 7 8:49 PM] NEAR, UNI and APT led crypto gains, while bitcoin (BTC) faded after pushing through $64,000 earlier in the day.

FTX Bankruptcy Plan Approved: $16 Billion In Assets To Be Repaid, FTT Price Soars 20%

[Oct 7 8:33 PM] A US bankruptcy court has officially approved crypto exchange FTX liquidation plan, paving the way for it to repay customers using $16 billion in recovered assets, according to Reuters, which reports that the ruling was made by Judge John Dorsey…

Bankruptcy judge approves FTX’s reorganization plan

[Oct 7 7:43 PM] Roughly two years after the crypto exchange collapsed and many of its executives faced criminal charges, the Oct. 7 court decision was a step forward for reimbursing FTX users.

FTX bankruptcy estate auctioning Worldcoin tokens this week

[Oct 2 9:17 PM] According to CoinGecko, Worldcoin currently has a market capitalization of approximately $792 million and a 494 million circulating supply.

Diddy Hires Sam Bankman-Fried’s (New) Lawyer

[Oct 1 6:51 PM] Sean “Diddy” Combs has hired Sam Bankman-Fried’s lawyer, Alexandra Shapiro, to appeal a New York judge’s decision to keep him locked up while he awaits trial for racketeering and sex trafficking charges.

FTX Dotcom Creditors Vote Massively in Favor of Reorganizing Plan

[Oct 1 8:56 AM] Over 94% of creditors voted in favor of the plan, which promises to return 118% of their claims in cash.

No, FTX distribution payments do not begin on September 30

[Sep 29 5:27 PM] According to the FTX bankruptcy estate, total claims from injured parties top $11 billion, as a court hearing to confirm the plan looms. 

FTX creditors only getting '10-25% of their crypto back' — creditor

[Sep 28 6:58 PM] Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value.