SEC issues final order: Former FTX executives are banned from serving on publicly traded companies

2025-12-19 18:42:09

【Crypto World】The U.S. Securities and Exchange Commission (SEC) has officially issued a final order of approval. Former CEO of Alameda Research, Caroline Ellison, former FTX executive Gary Wang, and Nishad Singh will be permanently prohibited from engaging in any activities that violate securities laws.

Specifically, Ellison is prohibited from serving as a director or executive officer of any publicly traded company for a period of 10 years. Wang and Singh face similar restrictions on their positions, but for a period of 8 years. These measures are still subject to final court approval.

It is noteworthy that the three did not deny the SEC’s fraud allegations but agreed to accept these penalties. Their misconduct is directly related to the collapse of FTX and Alameda Research in 2022 — an event that shook the entire crypto ecosystem and left a profound warning. The SEC’s move further strengthens regulatory oversight over industry practitioners.

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Whale_Whisperer

· 12-22 18:16

Oh no, this time there's really no negotiation; just admitting defeat and accepting the punishment shows that the issue is indeed serious.

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BankruptcyArtist

· 12-22 16:50

Ha, this is the rhythm of admitting defeat, directly not denying it. The FTX incident should indeed make people remember, but to be honest, bans... are completely useless to those who really want to play people for suckers. A 10-year ban? Come on, the memory in this circle is not that long. Going straight in is the right way, and then coming out to continue playing with a disguise. What did SBF say, can we also get a straightforward result?

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ReverseTrendSister

· 12-22 13:57

Uh, another FTX person has been banned. These people really have made encryption look bad.

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LiquidatedDreams

· 12-19 19:11

Now I've really screwed myself over; each one has become a negative example in the industry.

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TokenTherapist

· 12-19 19:09

Ha, these guys have finally admitted defeat, it was about time. Finally, someone paid the price. It feels like the FTX saga has truly come to an end. Just admit the penalty, anyway you can't run. I want to see how long this ban can last. Now, has the crypto circle learned its lesson? Don't let another "FTX" happen again.

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gas_fee_therapy

· 12-19 19:05

Admitted guilt directly, seems like they had a plan... That FTX drama really dragged the entire community down, and they're still cleaning up the mess.

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