On December 20, #2025Gate年度账单 , according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) announced that it has reached a settlement agreement with three former executives involved in the FTX bankruptcy case.

According to the consent decree, former Alameda Research CEO Caroline Ellison will be barred from serving as an officer or director of any company for 10 years, while former FTX Trading CTO Gary Wang and former FTX Chief Engineer Nishad Singh will face similar 8-year bans. The three will also be subject to a 5-year "behavior-based injunction."
The SEC alleges that, with Ellison's informed consent, Wang and Singh exempted Alameda's risk mitigation measures and provided nearly unlimited "credit lines" supported by FTX customer funds. The FTX software code created by Wang and Singh allowed customer funds to be transferred to Alameda, while Ellison used misappropriated customer funds for trading activities. It is reported that the settlement agreement still requires court approval. $BTC $GT $ETH