The Commodity Futures Trading Commission (CFTC) has finalized sanctions against former FTX executives Caroline Ellison and Gary Wang, giving both reduced penalties after their extensive cooperation with regulators investigating the collapsed crypto exchange. A New York federal court entered supplemental consent orders imposing five-year trading bans on both former executives. Ellison, who led Alameda Research, also received a 10-year CFTC registration ban, while FTX co-founder Wang received an eight-year registration ban. Because the restrictions date back to December 2022, Ellisons trading… Read more
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