Three senior executives of the FTX case are banned from holding positions; SEC judgment has been submitted to the court

2025-12-19 19:16:14

【Coinpush】The U.S. Securities and Exchange Commission(SEC) has submitted a final consent decree proposal to the Southern District Court of New York against former Alameda Research CEO Caroline Ellison, former FTX CTO Gary Wang, and former Chief Engineer Nishad Singh.

According to the details of the settlement agreement, Ellison is prohibited from serving as an executive or director at any publicly traded company or registered investment company for a period of 10 years. The bans for Wang and Singh are relatively shorter, at 8 years. Notably, all three did not contest the SEC’s allegations of violations of securities law anti-fraud provisions, effectively acknowledging the regulatory body’s charges.

This ruling traces back to November 2022, when FTX’s once-dominant crypto trading empire collapsed due to liquidity shortages, exposing a series of fraudulent activities toward investors. The SEC’s legal action marks another stage in this industry upheaval and serves as a reminder to market participants to remain vigilant about exchange risk management.

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FloorSweeper

· 12-21 00:12

lol they're basically admitting guilt without even fighting back... weak signals all around. this is what happens when you're caught with your hand in the cookie jar, no alpha leaks can save you now.

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RetroHodler91

· 12-19 19:46

10-year ban, Ellison is really done for Admitting defeat without protest? That means the matter is definitely confirmed How come people at FTX just can't understand... can't burn through enough money After a big fight, running away is indeed a classic move in the crypto world, sigh The SEC's penalty this time is quite strict, let's see how SBF is sentenced later

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Rugpull幸存者

· 12-19 19:43

Ha, you just admit defeat and still say "no objection"... This is basically defaulting to copying others. Banning someone from being CEO for 10 years, in plain terms, is pushing the person into exile. The FTX scam is truly unparalleled. At that time, they confidently claimed to be a regulated exchange, but it was all a lie. Investors' hard-earned money was lost.

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StakeOrRegret

· 12-19 19:22

Hmm, 10-year ban? Ellison is really done for this time. If they don't agree, they just plead guilty. These few are pretty straightforward; it seems there's nothing to argue about. The FTX incident was just too outrageous. A 10-year ban from holding positions... feels worse than jail, right? Pleading guilty so quickly shows the evidence is really solid. I just want to know, have these people's assets been confiscated? What’s the point of an apology? What about the investors' money? Such a long ban, they probably won't turn things around in this lifetime. Another "settlement," huh? The unspoken rule in the US financial circle. The bans for three people are different lengths—are they ranked by severity? Haha.

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