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Bankman-Fried's ex-deputy Singh to be sentenced over crypto fraud

Channel News Asia LogoChannel News Asia1d ago

Bankman-Fried's ex-deputy Singh to be sentenced over crypto fraud - Channel News Asia

Quick Summary:

NEW YORK : Former cryptocurrency executive Nishad Singh is set to be sentenced on Wednesday for his role in his imprisoned former boss Sam Bankman-Fried's theft of about $8 billion in customer funds from the now-bankrupt FTX exchange.

Singh said Bankman-Fried assured him he would raise more funds and cut costs.

Bankman-Fried, 32, is serving a 25-year prison sentence at the Metropolitan Detention Center in Brooklyn stemming from the November 2022 collapse of the FTX exchange he founded.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 18:07:04 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 570 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23337831

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 59 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • URL: https://beamstart.com/news/bankman-frieds-ex-deputy-singh-17302881912632

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