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Nishad Singh, former engineering director at FTX exchange, was sentenced to time served and supervised release for misappropriating funds and violating campaign finance laws. Judge acknowledged FTX collapse as one of the largest financial scandals in US history but noted Singh’s limited role. Singh’s cooperation has been crucial in ongoing case against FTX founder and aiding in recouping lost funds. Regulatory reforms in cryptocurrency sector are being discussed following the FTX scandal.
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