FTX Executives Sentencing Dates Announced

Former FTX executives Nishad Singh and Gary Wang will be sentenced on October 30 and November 20, respectively, for their roles in the collapse of the cryptocurrency exchange. Both pleaded guilty to multiple criminal charges, including fraud and conspiracy, and cooperated with US authorities, testifying against FTX co-founder Sam Bankman-Fried. Singh and Wang provided crucial insider information on fraudulent practices at FTX, including the misuse of customer funds and misrepresentation of financial stability. Their cooperation may result in reduced sentences, unlike Ryan Salame, who received 90 months for non-cooperation. Bankman-Fried was sentenced to 25 years in prison. The testimonies of Singh and Wang highlighted significant financial misconduct and contributed to the conviction of Bankman-Fried.