FTX executives reach settlement with SEC: maximum 10-year ban, two exempt from imprisonment

2025-12-19 18:40:09

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【Crypto World】The FTX scandal continues to ferment. The SEC recently reached a final settlement with three former executives of FTX and its subsidiary Alameda Research—Caroline Ellison, Gary Wang, and Nishad Singh—none of them can escape. According to the settlement agreement, they are prohibited from serving as company executives or directors for 8 to 10 years, and also must accept a five-year conduct ban. The SEC believes these individuals directly facilitated Alameda’s illegal misappropriation of FTX customer funds. The penalties are quite substantial. Interestingly, the final outcomes for the three are somewhat different. Ellison, who has been sentenced to two years, was released early due to cooperation with the investigation. Wang and Singh, on the other hand, were directly exempted from imprisonment because they admitted guilt proactively and cooperated actively. It seems that in such major cases, attitude still makes all the difference.

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WalletAnxietyPatient

· 1h ago

Attitude really is everything; Wang and Singer were directly exempted from imprisonment, this is the power of leniency when voluntarily reporting.

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TokenDustCollector

· 12-19 19:10

Haha, a good attitude of confession can really turn things around. Wang He and Singa are directly released from detention, hilarious. The FTX crew is all about acting skills, one better than the other. Edison is released early, the other two are exempt from prison. This is the magic of "I was wrong." A ten-year ban, honestly, isn't much for them. This circle is just like that. The key is where the clients' money is. Is this punishment enough? Speaking of how appealing confession is, why didn't they think of it earlier? You can turn things around after falling into a pit, but it depends on whether you have influence. What does this case tell us? Still the same old saying—cooperators get benefits.

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GasGasGasBro

· 12-19 19:08

The attitude is really incredible. Admitting defeat directly avoids prison meals. Is this deal worth it or not?

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GateUser-1a2ed0b9

· 12-19 19:07

Good attitude when confessing can exempt you from imprisonment? This trick can also be used in the crypto world. It seems SBF and his group should have learned how to cooperate long ago.

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TheShibaWhisperer

· 12-19 19:01

Wow, Wang and Singh are directly exempt from detention? These two really know how to play. Just admitting guilt and avoiding prison—this move is incredible.

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WhaleWatcher