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2 clusters · 8 sources · 3 days · First seen 24 days ago · Last updated 22 days ago

CFTC enforcement against former FTX executives

Overview

The Commodity Futures Trading Commission (CFTC) has settled civil enforcement cases against former Alameda Research CEO Caroline Ellison and FTX co-founder Zixiao “Gary” Wang following the 2022 collapse of the FTX cryptocurrency exchange.

Under the consent orders, both individuals are subject to five-year trading bans. Ellison also received a 10-year registration ban, while Wang received an eight-year registration ban. These bans are retroactive to December 2022. The CFTC did not seek restitution, disgorgement, or civil monetary penalties in these specific actions, noting the individuals' extensive cooperation with investigators and the fact that they already face an $11.02 billion forfeiture from related criminal cases.

Entities

Commodity Futures Trading Commission · FTX · Caroline Ellison · Polymarket · Zixiao Wang

Timeline

22 days ago

[BUSINESS] 3 sources
FTX executives face CFTC trading bans amid ongoing crypto litigation
U.S. regulators imposed trading bans on former FTX executives Caroline Ellison and Gary Wang, while prosecutors moved forward with a case against a Polymarket trader accused of using nonpublic information.
24 days ago

[BUSINESS] 5 sources
CFTC settles civil cases against former FTX and Alameda executives
The CFTC has settled civil cases against former FTX and Alameda executives Caroline Ellison and Gary Wang, imposing multi-year trading and registration bans in recognition of their cooperation.

Sources

bankingdive.com · bitcoinethereumnews.com · blocktempo.com · coinedition.com · coingape.com · cointelegraph.com · cryptobreaking.com · it-boltwise.de