The Commodity Futures Trading Commission has closed its cases against Caroline Ellison and Gary Wang with supplemental consent orders entered by the U.S. District Court for the Southern District of New York on Aug. 19, leaving both former FTX executives under five-year trading bans that run from Dec. 23, 2022. Ellison, the former chief executive of Alameda Research, also faces a 10-year CFTC registration ban, while Wang, who co-founded Alameda and FTX, received an eight-year registration ban, and both must continue assisting the regulator. The agency said it is not seeking restitution, disgorgement or civil monetary penalties because of their cooperation and the $11.02 billion forfeiture order for which they were jointly and severally liable in the parallel criminal case. The CFTC's December 2022 amended complaint accused the pair of helping Alameda gain special access to FTX customer funds through code changes, public misstatements and the transfer of billions of dollars in customer assets, and the original consent orders permanently barred them from future antifraud violations under the Commodity Exchange Act and CFTC rules. The civil resolution follows separate criminal outcomes in which Ellison was sentenced in September 2024 to two years in prison and Wang was sentenced in November 2024 to time served and three years of supervised release after both pleaded guilty and cooperated against Sam Bankman-Fried, who was convicted in November 2023 and sentenced in March 2024 to 25 years in prison. FTX-related litigation has continued, including a proposed $54 million class-action settlement announced in May 2026 by law firm Fenwick & West and an April 2026 supplemental CFTC settlement with former FTX engineering director Nishad Singh that imposed $3.7 million in disgorgement and similar market bans.