PANews|Aug 19, 2026 14:30
[U.S. CFTC Reaches Enforcement Settlement with Former Alameda CEO Caroline Ellison and FTX Co-Founder Gary Wang]
According to the official website of the U.S. CFTC, the Federal Court for the Southern District of New York has issued supplemental consent orders for Caroline Ellison and Gary Wang. Ellison has been subjected to a 5-year trading ban and a 10-year registration ban, while Wang has been subjected to a 5-year trading ban and an 8-year registration ban. Both individuals are required to continue cooperating with the CFTC's investigation. The CFTC is not currently seeking disgorgement, restitution, or civil penalties, partly due to their high level of cooperation in the investigation and the issuance of a $11.02 billion forfeiture order in related criminal cases.
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