
The SEC has imposed decade-long and eight-year leadership bans, plus conduct restrictions, on three ex-FTX executives following the 2022 exchange collapse.
On Dec. 20, the U.S. Securities and Exchange Commission announced final penalties against Caroline Ellison, Zixiao (Gary) Wang, and Nishad Singh for their roles in the 2022 FTX collapse. Ellison received a 10-year ban from serving as a corporate executive, while Wang and Singh each received 8-year bans. All three are subject to a five-year conduct-based injunction. These penalties conclude the SEC’s enforcement actions tied to misconduct involving Alameda Research’s exemption from FTX risk controls and diversion of customer funds, and remain subject to court approval.