Two former FTX and Alameda executives, Caroline Ellison and Gary Wang, have been slapped with five-year trading bans and additional registration restrictions after cooperating with the CFTC—Ellison faces a ten-year ban, Wang an eight-year one—as part of consent orders wrapping up civil cases tied to the FTX collapse. Their testimony against Sam Bankman-Fried and crucial cooperation helped shape the outcome, even as they’re barred from the industry. This move underscores the CFTC’s push for accountability and regulatory clarity in the wake of the $12.7 billion FTX restitution order.
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