CFTC Imposes 5-Year Trading Ban on Former FTX Executives
The Commodity Futures Trading Commission (CFTC) has imposed a five-year trading ban on Caroline Ellison and Gary Wang, former executives of FTX and Alameda Research. This decision concludes their civil cases related to FTX, following their cooperation with the regulator. The CFTC previously resolved a $12.7 billion disgorgement and restitution agreement with the companies in 2024.
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CFTC resolves FTX cases against Ellison and Wang
A U.S. federal court has resolved the CFTC’s cases against Caroline Ellison and Gary Wang by imposing five-year trading bans and registration bans of up to 10 years. The Commodity Futures Trading Commission said on Aug. 19 that the U.S.…
CFTC Bans Caroline Ellison From Trading for 5 Years Over FTX
Caroline Ellison and Gary Wang received multiyear CFTC bans under final orders resolving their FTX-related civil cases. The regulator cited extensive cooperation and declined to seek restitution, disgorgement or civil penalties at this time. CFTC Finalizes Multiyear Restrictions The Commodity Futures Trading Commission (CFTC) announced Aug. 19 that former Alameda Research CEO Caroline Ellison and […]
US commodities regulator imposes 5-year trading ban on ex-Alameda, FTX execs
The consent orders ended the CFTC’s case against two former crypto executives after FTX and Alameda agreed to $12.7 billion in disgorgement and restitution payments in August 2024.