Nishad Singh, formerly the chief engineer at FTX and a close associate of Sam Bankman-Fried, has been sentenced to time served and three years of supervised release, avoiding prison time. This decision comes after Singh's cooperation in the prosecution against Bankman-Fried, who received a 25-year prison sentence for fraud. In court, Judge Lewis Kaplan praised Singh's remarkable cooperation, stating it significantly contributed to the favorable outcome of the case and highlighted his importance as a witness in the bankruptcy proceedings. Singh's assistance was acknowledged by FTX's current CEO, John J. Ray Jr., emphasizing the ongoing need for Singh's help in recovery efforts. Meanwhile, Caroline Ellison, former CEO of FTX's affiliate Alameda Research, received credit for her cooperation as well. Singh's support during these proceedings marks a notable conclusion to his involvement with FTX, which had collapsed amid significant financial and legal troubles.

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