Mr. Singh, who was a top executive in Sam Bankman-Fried’s business empire, had pleaded guilty to fraud and campaign finance violations that contributed to the collapse of FTX.

Nishad Singh, who was a top adviser to the disgraced cryptocurrency mogul Sam Bankman-Fried, avoided prison time for his role in the collapse of the FTX crypto exchange, after a federal judge on Wednesday lauded his cooperation with U.S. prosecutors.

Mr. Singh, 29, was sentenced to three years of supervised release at a hearing in Federal District Court in Manhattan, an unexpected reprieve after Mr. Bankman-Fried and two other FTX executives received long sentences. Judge Lewis A. Kaplan, who has presided over the cases, said that Mr. Singh provided crucial assistance to the government and that he had played a “much more limited” role in the scheme than his colleagues had.

“I’m not foolish enough to think there was no self interest involved,” Judge Kaplan

Keep reading this article on Andrew Ross Sorkin - DealBook Section Business New York Times.