logo
    • Buy Crypto
    • Markets
    • Futures
    • Spot
    • Earn
    • Affiliates & AI
    • More
    1. WEEX
    2. Crypto News
    3. FTX: Why Caroline Ellison and Gary Wang Will Not Face New Fines

    FTX: Why Caroline Ellison and Gary Wang Will Not Face New Fines

    By: journalducoin.com|2026/08/23 14:00:00
    0
    Share
    copy
    Prefer us on GooglePrefer us on Google
    SAMSAM
    CRYPTOCRYPTO
    The ParallelThe Parallel
    KEYKEY
    GARYGARY
     

    Not so expensive after all. The Commodity Futures Trading Commission (CFTC) has ended its civil proceedings against Caroline Ellison and Gary Wang, two former executives of the bankrupt FTX empire. The federal court for the Southern District of New York has validated the negotiated orders with the former head of Alameda Research and the co-founder of FTX. The two defendants remain required to cooperate with the U.S. regulator and are also subject to several professional bans, the duration of which takes into account the assistance provided in the investigations into the collapse of FTX. Key points of this article: * The CFTC has ended its civil proceedings against Caroline Ellison and Gary Wang, former FTX executives, after validation by the federal court for the Southern District of New York of the negotiated orders. * They have been banned from trading for five years and from registering with the CFTC, with durations specified according to their cooperation in the investigations into the collapse of FTX. The decision announced by the CFTC prohibits Caroline Ellison and Gary Wang from trading for five years in the markets covered by the orders. Ms. Ellison is also subject to a ten-year registration ban with the CFTC, compared to eight years for Mr. Wang. This registration ban particularly prevents them from performing certain regulated functions or being associated with registered firms during the relevant period. However, these durations do not start in August 2026. They run from the first orders issued on December 23, 2022. Depending on the exact calculation retained by the court, the trading ban should therefore end in December 2027, the registration ban for Gary Wang in December 2030, and for Caroline Ellison in December 2032. The initial decisions had already recognized Ms. Ellison responsible for two counts of fraud brought by the CFTC and Mr. Wang for the count of fraud against him. They also permanently prohibited them from violating the anti-fraud provisions of the Commodity Exchange Act and the associated regulations. The CFTC is not currently seeking any additional restitution, recovery of illicit profits, or civil fines from them. The regulator justifies this position by their cooperation in its investigations and in the parallel criminal proceedings. Both had pleaded guilty to several offenses, including a conspiracy to commit commodity fraud. They subsequently testified against Sam Bankman-Fried, who was convicted of fraud and sentenced to 25 years in prison. However, the absence of new financial penalties does not mean that the two former executives have been exempted from the monetary aspect. The CFTC reminds that there is a criminal order for the confiscation of $11.02 billion, for which both have been declared jointly liable. This wording allows authorities to seek the recovery of the amount from the individuals concerned, without implying that each will personally pay the entire amount. This decision should also be distinguished from the $12.7 billion settlement imposed in 2024 on FTX and Alameda for restitution and recovery of profits. The CFTC's civil proceedings against Caroline Ellison and Gary Wang are now closed, but the two former executives remain required to cooperate with the regulator. Their assistance in the FTX investigations led the agency not to seek new financial penalties. They are still subject to several years of trading and regulatory sector bans. And it is not a high price considering the damage caused by their activities alongside the Mozart of crypto.

    -- Price

    --
    --
    --

    This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

    You may also like

    The US approved high-leverage Bitcoin trading while crypto founders remain legally blocked from raising funds

    The US approved high-leverage Bitcoin trading while crypto founders remain legally blocked from raising funds

    Bitcoin perpetual futures are now live on regulated US exchanges, while the SEC’s proposed crypto fundraising rules remain months from a final vote.
    Central Bank Explains Cryptocurrency Exchange for Russian Securities

    Central Bank Explains Cryptocurrency Exchange for Russian Securities

    The exchange of cryptocurrency for Russian securities, which are accounted for in Russia, will follow the logic familiar to stock market participants after the law "On Digital Currencies and Digital Rights" comes into effect: it will be like exchanging one security for another. Currently, this is no...
    $215 Billion Surge in Altcoin Market Value; Has Altseason Begun?

    $215 Billion Surge in Altcoin Market Value; Has Altseason Begun?

    Is the fixed term worth it? How much does $1,000,000 generate in 30 days

    Is the fixed term worth it? How much does $1,000,000 generate in 30 days

    Financial institutions offer different yields for this tool. What to consider and how to know if it is worth it.
    Hacker Who Leaked GTA 6 Created a Coin, Soared 20 Times in a Day

    Hacker Who Leaked GTA 6 Created a Coin, Soared 20 Times in a Day

    Illinois crypto groups seek injunction against new tax

    Illinois crypto groups seek injunction against new tax

    Delays in Germanium Customs Pressure Delivery Times for Taiwanese Equipment

    Delays in Germanium Customs Pressure Delivery Times for Taiwanese Equipment

    Delays in the customs clearance of germanium and quartz-based materials from China are putting pressure on the delivery timelines of Taiwan's optical, aerospace, and semiconductor equipment industries. The disruption is affecting the procurement of upstream materials and precision components.
    CVM Brings Tokenization Agenda to NYSE, Nasdaq, and SEC

    CVM Brings Tokenization Agenda to NYSE, Nasdaq, and SEC

    Unstable Pix in 7 Banks: What Failures Reveal About the System

    Unstable Pix in 7 Banks: What Failures Reveal About the System

    Term Labs vault exploit drains estimated $8.5M

    Term Labs vault exploit drains estimated $8.5M

    Clarity Act: How the U.S. is Trying to Regulate the Cryptocurrency Market

    Clarity Act: How the U.S. is Trying to Regulate the Cryptocurrency Market

    The CLARITY Act is set to become the first comprehensive federal framework for cryptocurrencies and digital assets in the U.S.: the bill distributes powers among regulators, introduces token classification, and sets rules for exchanges, brokers, custodians, and issuers. The CLARITY Act aims to creat...
    Ethereum: Vitalik Buterin Wants to Import Utreexo, the Anti-Storage Gambit of Bitcoin

    Ethereum: Vitalik Buterin Wants to Import Utreexo, the Anti-Storage Gambit of Bitcoin

    Vitalik Buterin praises Utreexo, the Bitcoin technology that lightens node storage, and outlines a hybrid architecture to scale Ethereum.
    Legalization of Cryptocurrency: State Duma Approves Law on Digital Currencies

    Legalization of Cryptocurrency: State Duma Approves Law on Digital Currencies

    The legalization of cryptocurrency in Russia has received a key formalization: the State Duma has adopted in the third reading the federal law "On Digital Currencies and Digital Rights," which transitions the crypto market from a less defined regime to a system with rules for operations, requirement...
    As foreign investors dump $29 billion in Treasury bills, Washington pivots to stablecoin issuers to back US debt

    As foreign investors dump $29 billion in Treasury bills, Washington pivots to stablecoin issuers to back US debt

    Foreign investors sold $29B of US Treasury bills in June as Washington builds stablecoin rules that could create a new source of demand.
    Supermicro Denies Executive Knowledge of Chip Diversion

    Supermicro Denies Executive Knowledge of Chip Diversion

    Supermicro ($SMCI) has released the results of an independent investigation that found no evidence that current executives were involved in or aware of the allegations regarding the diversion of servers equipped with NVIDIA ($NVDA) chips to China.
    VanEck Targets $500,000 for Bitcoin by 2029, a Forecast That Suits Its Own Balance Sheet

    VanEck Targets $500,000 for Bitcoin by 2029, a Forecast That Suits Its Own Balance Sheet

    VanEck targets $500,000 for Bitcoin by 2029, driven by the BITCOIN Act and ETF appetite, while remaining both judge and party.
    America is creating a new class of crypto banks – but they aren’t really banks

    America is creating a new class of crypto banks – but they aren’t really banks

    The next generation of US banks may control trillions in assets without ever offering a checking account or mortgage.
    Cardano Development Transitions to External Teams: Input Output Reduces Its Role in the Network

    Cardano Development Transitions to External Teams: Input Output Reduces Its Role in the Network

    Cardano development is entering a new phase: Input Output is transferring key parts of the blockchain's core infrastructure to independent teams, aiming to reduce the network's dependence on the company that created it and to move more swiftly towards a practical model of decentralization. Input Out...
    What to Watch for at Next Week's Jackson Hole Conference?

    What to Watch for at Next Week's Jackson Hole Conference?

    Waller will deliver his keynote speech at Jackson Hole at 10 AM Eastern Time on August 28, but it remains undecided whether he will focus on the macroeconomic "big picture" or directly provide guidance for the policy path from September to December. This uncertainty means that the market's sensitivi...
    INDODAX Highlights the Balance of Regulation and Innovation in Crypto Development - Fintech World

    INDODAX Highlights the Balance of Regulation and Innovation in Crypto Development - Fintech World

    The crypto industry is entering a new phase as more traditional financial institutions begin to connect with digital assets and blockchain technology.
    Robinhood Crypto and Regulation in Russia: Key Events in the Crypto Market

    Robinhood Crypto and Regulation in Russia: Key Events in the Crypto Market

    Robinhood crypto has become one of the most notable topics of the week: the blockchain network of the major American broker quickly entered the ranks of market leaders, while investors monitored Bitcoin mining, the digital euro, sanctions against Iranian wallets, the tokenization of securities, and ...
    Local's access to global crypto platforms could end under Nigeria's proposed capital floor

    Local's access to global crypto platforms could end under Nigeria's proposed capital floor

    Exchanges and custodians would need ₦2 billion in capital, while foreign-currency stablecoins face 120% backing.
    [Column] The Parallels Between Odyssey and Bitcoin

    [Column] The Parallels Between Odyssey and Bitcoin

    *This article contains spoilers about the main content and ending of the movie Odyssey. Yesterday evening, I watched the movie Odyssey. As I left the theater, unexpectedly, Bitcoin came to mind...*
    US Economy: Debt Crisis Expected "In Three Years, Plus or Minus Two" According to Ray Dalio

    US Economy: Debt Crisis Expected "In Three Years, Plus or Minus Two" According to Ray Dalio

    Ray Dalio predicts a U.S. debt crisis "in three years, plus or minus two" and recommends 10 to 15% in gold and a position in Bitcoin to hedge against it.
    What Changes with the $1 Billion Credit Facility for USDe? Latest Insights

    What Changes with the $1 Billion Credit Facility for USDe? Latest Insights

    Ethena and FalconX have entered into a $1 billion facility. The underlying assets of USDe will be utilized for institutional loans, further enhancing liquidity. Check out the details now!
    Coldcard now requires 65 key presses after seed exploit, while exposed funds still must move

    Coldcard now requires 65 key presses after seed exploit, while exposed funds still must move

    Firmware 5.6.1 and 1.5.1Q harden new wallet creation but cannot repair a seed made on an affected release.
    Cryptocurrency Transfer Tax Effective from July 1

    Cryptocurrency Transfer Tax Effective from July 1

    The tax on cryptocurrency and digital asset transfers is being collected under new rules starting July 1. These rules pertain to the transfer of such assets through service providers: income from the transaction is classified as other income for individuals and is subject to income tax at a rate of ...
    "Bitcoin, Gold, and Land": Tether's Anti-Crisis Doctrine

    "Bitcoin, Gold, and Land": Tether's Anti-Crisis Doctrine

    Paolo Ardoino summarizes Tether's anti-crisis doctrine in a punchline: Bitcoin, gold, and land. An analysis of the three reserve pillars of the USDT giant.
    Wash's First Jackson Hole Speech: Markets Await 'Inflation Solutions'

    Wash's First Jackson Hole Speech: Markets Await 'Inflation Solutions'

    Flipkart Minutes Surpasses 1,000 Logistics Hubs in India

    Flipkart Minutes Surpasses 1,000 Logistics Hubs in India

    Walmart-owned Flipkart's instant delivery service, Flipkart Minutes, has grown to handle around 1 million orders per day. The competition in India's quick commerce sector is expanding beyond grocery delivery to include electronics, beauty products, and household items delivered within minutes.

    The US approved high-leverage Bitcoin trading while crypto founders remain legally blocked from raising funds

    Bitcoin perpetual futures are now live on regulated US exchanges, while the SEC’s proposed crypto fundraising rules remain months from a final vote.

    Central Bank Explains Cryptocurrency Exchange for Russian Securities

    The exchange of cryptocurrency for Russian securities, which are accounted for in Russia, will follow the logic familiar to stock market participants after the law "On Digital Currencies and Digital Rights" comes into effect: it will be like exchanging one security for another. Currently, this is no...

    $215 Billion Surge in Altcoin Market Value; Has Altseason Begun?

    Is the fixed term worth it? How much does $1,000,000 generate in 30 days

    Financial institutions offer different yields for this tool. What to consider and how to know if it is worth it.

    Hacker Who Leaked GTA 6 Created a Coin, Soared 20 Times in a Day

    Illinois crypto groups seek injunction against new tax

    ...
    One account, every market
    Trade stocks, gold, oil and more!
    One account, every marketTrade now

    Contents

    SAM

    Latest articles

    08/23/2026

    FTX: Why Caroline Ellison and Gary Wang Will Not Face New Fines

    In the FTX case, the CFTC bans Ms. Ellison and Mr. Wang from trading for 5 years but refrains from seeking new financial penalties.
    08/23/2026

    The US approved high-leverage Bitcoin trading while crypto founders remain legally blocked from raising funds

    Bitcoin perpetual futures are now live on regulated US exchanges, while the SEC’s proposed crypto fundraising rules remain months from a final vote.
    08/23/2026

    Central Bank Explains Cryptocurrency Exchange for Russian Securities

    The exchange of cryptocurrency for Russian securities, which are accounted for in Russia, will follow the logic familiar to stock market participants after the law "On Digital Currencies and Digital Rights" comes into effect: it will be like exchanging one security for another. Currently, this is no...
    USUALUSUAL
    00.00%--
    MOVEMOVE
    00.00%--
    BTCBTC
    00.00%--
    08/23/2026

    $215 Billion Surge in Altcoin Market Value; Has Altseason Begun?

    SIGNSIGN
    00.00%--
    MOVEMOVE
    00.00%--
    JSTJST
    00.00%--
    08/23/2026

    Is the fixed term worth it? How much does $1,000,000 generate in 30 days

    Financial institutions offer different yields for this tool. What to consider and how to know if it is worth it.
    More

    Latest coin listings on WEEX

    logoCommunity
    iconiconiconiconiconiconicon
    Customer Support:@weikecs
    Business Cooperation:@weikecs
    Quant Trading & MM:bd@weex.com
    VIP Program:support@weex.com
    • About Us
    • Announcement Center
    • Media Kit
    • WEEX Community
    • WXT Zone
    • Announcement
    • Legal Statement
    • Risk Disclosure
    • Terms and Policies
    • Privacy Policy
    • Whistleblower Notice
    • AML/CTF Policy
    • Law Enforcement
    • User Guide
    • Product Launches
    • Crypto News
    • Product Launches
    • Crypto Wiki
    • Learn
    • Q&A
    • Spot
    • Futures
    • Glossary
    • VIP Program
    • Download
    • Affiliate
    • Protection Fund
    • Proof of Reserves
    • Sitemap
    • ETFs
    • Crypto Prices
    • Price Predictions
    • WXT Price
    • BTC Price
    • ETH Price
    • DOGE Price
    • How to Buy Crypto
    • How to Buy WXT
    • How to Buy BTC
    • How to Buy ETH
    • How to Buy DOGE
    • Help Center
    • Fee Schedule
    • Trading Rules
    • WEEX Academy
    • Contact Verifier
    • Submit Feedback
    • About Us
    • Announcement Center
    • Media Kit
    • WEEX Community
    • WXT Zone
    • Announcement
    • Help Center
    • Fee Schedule
    • Trading Rules
    • WEEX Academy
    • Contact Verifier
    • Submit Feedback
    • Customer Support Bot
    • VIP Services
    • Legal Statement
    • Risk Disclosure
    • Terms and Policies
    • Privacy Policy
    • Whistleblower Notice
    • AML/CTF Policy
    • Law Enforcement
    • Proof of Reserves
    • Invite Friends
    • OTC
    • Download
    • Affiliate
    • VIP Program
    • API
    • Broker
    • Listing Application
    • Affiliate T&C
    • Sitemap
    • Futures
    • Spot
    • Copy Trade
    • Markets
    • WEEX Store
    • User Guide
    • Product Launches
    • Crypto News
    • Product Launches
    • Crypto Wiki
    • Learn
    • Q&A
    • Spot
    • Futures
    • Glossary
    • VIP Program
    • Download
    • Affiliate
    • Protection Fund
    • Proof of Reserves
    • Sitemap
    • ETFs
    • Crypto Prices
    • Price Predictions
    • WXT Price
    • BTC Price
    • ETH Price
    • DOGE Price
    • How to Buy Crypto
    • How to Buy WXT
    • How to Buy BTC
    • How to Buy ETH
    • How to Buy DOGE
    • About Us
    • Announcement Center
    • Media Kit
    • WEEX Community
    • WXT Zone
    • Announcement
    • Help Center
    • Fee Schedule
    • Trading Rules
    • WEEX Academy
    • Contact Verifier
    • Submit Feedback
    • Legal Statement
    • Risk Disclosure
    • Terms and Policies
    • Privacy Policy
    • Whistleblower Notice
    • AML/CTF Policy
    • Law Enforcement
    • Customer Support Bot
    • VIP Services
    • Futures
    • Spot
    • Copy Trade
    • Markets
    • WEEX Store
    • Proof of Reserves
    • Invite Friends
    • OTC
    • Download
    • Affiliate
    • VIP Program
    • API
    • Broker
    • Listing Application
    • Affiliate T&C
    • Sitemap
    • User Guide
    • Product Launches
    • Crypto News
    • Product Launches
    • Crypto Wiki
    • Learn
    • Q&A
    • Spot
    • Futures
    • Glossary
    • VIP Program
    • Download
    • Affiliate
    • Protection Fund
    • Proof of Reserves
    • Sitemap
    • ETFs
    • Crypto Prices
    • Price Predictions
    • WXT Price
    • BTC Price
    • ETH Price
    • DOGE Price
    • How to Buy Crypto
    • How to Buy WXT
    • How to Buy BTC
    • How to Buy ETH
    • How to Buy DOGE

    Where new wealth is made

    Download app

    Sign Up
    h5 logo
    Download