Now that Sam Bankman-Fried is a convicted criminal likely destined for decades behind bars in a brutal federal prison, what fate will befall his former colleagues and co-defendants?

Nishad Singh, FTX’s director of engineering, Gary Wang, the exchange’s chief technical officer, and Caroline Ellison, former CEO of FTX sister trading firm Alameda Research, all pleaded guilty last December to multiple counts of fraud and conspiracy and agreed to testify against their former boss. Over the last month, their testimony proved crucial in the government’s case against Bankman-Fried, ultimately leading to the FTX founder’s conviction.

But that doesn’t necessarily mean the former crypto execs are off the hook. Ellison, Singh, and Wang still face maximum prison sentences of 110, 75, and 50 years, respectively. 

In exchange for their testimony, prosecutors have agreed to send letters—known as 5K motions—to the trial’s sentencing judge on their behalf. These letters will describe in detail both the co-defendants’ criminal conduct, as well as the degree to which they aided the prosecu

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Author: Sander Lutz

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