Former FTX Execs Nishad Singh, Gary Wang to Be Sentenced This Fall
Summary
Former FTX executives Nishad Singh and Gary Wang, who pleaded guilty to criminal charges, are set to be sentenced this fall. Singh testified about an $8 billion hole in FTX's finances and his involvement in routing customer deposits to Alameda bank accounts. Wang admitted to developing parts of FTX's website and revealing that the public insurance fund figure was essentially random. Both cooperated with authorities in the hope of avoiding jail time.
