Ex-FTX, Alameda execs Ellison, Wang get slap-on-the-wrist trading bans after crypto collapse
Caroline Ellison and Gary Wang – who worked with disgraced FTX crypto crook Sam Bankman-Fried – avoided financial penalties in a slap-on-the-wrist settlement with US regulators that was revealed Wednesday. Ellison, 31, the nerdy on-again, off-again ex-girlfriend of Bankman-Fried who ran his Alameda hedge fund before testifying against him, will be banned from trading for five years and from registering with the Commodity Futures Trading Commission for 10 years, the agency said.
Reported by 1 outlet — New York Post. See all sources ↓
Caroline Ellison and Gary Wang – who worked with disgraced FTX crypto crook Sam Bankman-Fried – avoided financial penalties in a slap-on-the-wrist settlement with US regulators that was revealed Wednesday. Ellison, 31, the nerdy on-again, off-again ex-girlfriend of Bankman-Fried who ran his Alameda hedge fund before testifying against him, will be banned from trading for five years and from registering with the Commodity Futures Trading Commission for 10 years, the agency said. Wang, 33, FTX’s co-founder and chief technology officer, will be banned from trading for five years and from registering with the regulator for eight years, according to the agency’s press release. The CFTC said it did not seek financial penalties or a return of ill-gotten profits from Ellison or Wang because of their extensive cooperation with authorities.
Read the full report at New York Post ↗
Why it matters
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- What's the story?
- Caroline Ellison and Gary Wang – who worked with disgraced FTX crypto crook Sam Bankman-Fried – avoided financial penalties in a slap-on-the-wrist settlement with US regulators that was revealed Wednesday. Ellison, 31, the nerdy on-again, off-again ex-girlfriend of Bankman-Fried who ran his Alameda hedge fund before testifying against him, will be banned from trading for five years and from registering with the Commodity Futures Trading Commission for 10 years, the agency said.
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- 1 outlet, average source rating 5.0/10.
- When was it last updated?
- 12m ago.
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Ex-FTX, Alameda execs Ellison, Wang get slap-on-the-wrist trading bans after crypto collapse
Sources1TypeCoverageNew York Post