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SEC Files Final Settlements in FTX Fraud Case Against Key Executives

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The U.S. Securities and Exchange Commission (SEC) has submitted final settlements to a New York federal court in its case against key FTX and Alameda executives. The agreements target Caroline Ellison, Zixiao Gary Wang, and Nishad Singh, who could face permanent anti-fraud injunctions and conduct-based bans. Ellison will be barred from director roles for 10 years, while Wang and Singh face eight-year bans. The SEC alleged they and Sam Bankman-Fried misused customer funds to benefit Alameda and others. As global regulators tighten rules on Countering the Financing of Terrorism, the case signals stronger scrutiny of crypto operations. BTC as hedge against inflation remains a key focus for investors amid market uncertainty.
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