FTX co-founder Gary Wang and FTX's former Engineering Director Nishad Singh will be sentenced later this year after testifying against their former colleague Sam Bankman-Fried.

Singh will be sentenced on October 30 in a New York courtroom, while Wang will face sentencing on November 20, according to the court docket. Both former FTX executives have pleaded guilty and cooperated with prosecutors.

Both could face decades in prison, but cooperators will "likely receive a heavy reduction in their sentence," based on a likely 5k1.1 motion from the government, said Braden Perry, partner at Kennyhertz Perry and a former federal enforcement attorney. That motion is a request made by the U.S. government to a federal judge to decrease a defendant's sentence due to their help in investigating or …