The SEC has finalized civil settlements in opposition to three former senior executives at FTX and Alameda Analysis.
This judgment formally closes a significant chapter within the regulator’s case tied to the collapse of the crypto trade.
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Sam Bankman-Fried’s Associates Obtain a Decade of Ban
In a press release launched on December 18, the SEC stated it has filed proposed remaining consent judgments in opposition to Caroline Ellison, former CEO of Alameda Analysis, Gary Wang, former chief know-how officer of FTX, and Nishad Singh, former co-lead engineer at FTX.
The judgments are topic to courtroom approval.
ICYMI – Caroline Ellison was “quietly moved” from federal jail to “community confinement,” after serving 11 months of her two 12 months sentence, with on-line jail data itemizing an early launch for Feb 2026 — BI pic.twitter.com/5HCAK5mQD2
— Disclose.television (@disclosetv) December 18, 2025
The SEC confirms that FTX raised greater than $1.8 billion from buyers by portraying itself as a protected buying and selling platform with robust protections for buyer property.
Buyers had been additionally advised that Alameda Analysis operated like some other buyer on the trade. However these claims had been false.
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In actuality, FTX secretly gave Alameda particular privileges. The buying and selling agency was exempted from threat controls and granted a nearly limitless line of credit score backed by FTX buyer deposits.
This allowed Caroline Ellison to borrow and lose billions with out dealing with liquidation.
The regulator alleges that Wang and Singh constructed the software program code that enabled buyer funds to be diverted from FTX to Alameda.
Ellison, who ran Alameda, then used these funds for buying and selling, enterprise investments, and loans to executives, together with Sam Bankman-Fried, Wang, and Singh.
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Ryan Salame tweets his courtroom submitting that his plea was based mostly upon no federal prices in opposition to Michelle Bond
All FTX insiders – Caroline Ellison, Gary Wang, Nishad Singh, Daniel Friedberg, Sam Trabucco and many others
Ought to have gotten 10-20 years jail
Different collectors really feel the identical means pic.twitter.com/ooZ9ILFPSD
— Sunil (FTX Creditor Champion) (@sunil_trades) August 26, 2025
With out admitting or denying the allegations, all three executives agreed to everlasting injunctions barring them from violating key antifraud provisions of US securities regulation. Additionally they accepted extra restrictions on their future skilled roles.
Ellison consented to a 10-year ban from serving as an officer or director of a public firm.
Wang and Singh every agreed to 8-year bans as officers and administrators.
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All three are additionally topic to 5-year conduct-based injunctions, permitting the SEC to behave rapidly in the event that they reenter securities-related actions improperly.
Present Punishment Standing as of December 2025
As of December 2025, Caroline Ellison has been moved to residence confinement. Her launch is predicted in early 2026.
Gary Wang, FTX’s former CTO and co-founder, acquired a prison sentence of time served after cooperating extensively with federal prosecutors. He’s at present on supervised launch.
Nishad Singh, the previous co-lead engineer at FTX, additionally acquired a time-served prison sentence and stays on supervised launch.
