SEC Files Final Judgments Against FTX Executives Ellison, Wang, and Singh

Cryptofrontnews

Release Time:12/20/2025 10:15:48

The U.S. Securities and Exchange Commission (SEC) filed final judgments against FTX and Alameda Research executives Caroline Ellison, Gary Wang, and Nishad Singh. The SEC alleges they committed fraud from 2019 to 2022, including misusing customer funds and giving Alameda special privileges. The trio accepted permanent antifraud injunctions and leadership bans without admitting guilt. Ellison faces a 10-year ban, while Wang and Singh received eight-year bans. The settlements now await court approval. The case highlights the need for stronger oversight in liquidity and crypto markets. The SEC also emphasized its role in Countering the Financing of Terrorism through regulatory enforcement.

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