Singh, 29, who pleaded responsible to 6 legal counts together with wire fraud and conspiracy in February, is the fourth FTX government to be sentenced for his position within the fraud. Bankman-Fried was sentenced to 25 years in jail in March for his position as ringleader. Former FTX Digital Markets CEO Ryan Salame, who didn’t testify in opposition to Bankman-Fried, lately started serving his 7.5 yr jail sentence. And Caroline Ellison, former Alameda Analysis CEO and one-time girlfriend of Bankman-Fried, was sentenced to 2 years by the identical decide, District Decide Lewis Kaplan of the Southern District of New York (SDNY), final month – her sentence closely discounted by her immediate and in depth cooperation with prosecutors.
DeFi TVL breaks above $116B as lending roars back
The DeFi market has rebounded firstly of July, with complete worth locked (TVL) rising to $116.416 billion, a stage final...
