Well, darlings, the SEC has finally put a pretty bow on those civil settlements involving three former top brass at FTX and Alameda Research.
This delightful judgment wraps up a rather sordid chapter in the grand tale of crypto calamity.
Sam Bankman-Fried’s Chums Get a Decade-Long Timeout
In a charming announcement made on December 18, the SEC spilled the tea about proposed final consent judgments against Caroline Ellison, the former queen bee of Alameda Research, Gary Wang, the erstwhile tech wizard of FTX, and Nishad Singh, the co-engineer extraordinaire at FTX.
But hold your horses-the judgments still need a nod from the court. 🧐
Just in case you missed it-Caroline Ellison was “quietly shuffled” out of federal prison into “community confinement” after a mere 11 months of her two-year stint. Fancy that! Her online records hint at an early release in February 2026. – BI
– Disclose.tv (@disclosetv) December 18, 2025
The SEC confirms that FTX managed to charm investors out of more than $1.8 billion, all while masquerading as a safe haven for trading with oh-so-strong customer asset protections.
They even spun a yarn claiming that Alameda Research played fair on the exchange like any other customer. Oh, what a tangled web we weave!
Behind the curtain, however, FTX was handing Alameda all the backstage passes-risk control? Not for them! They were practically swimming in an ocean of credit courtesy of FTX customer deposits. 🏊♂️💸
This little arrangement allowed Caroline to take a dip in the billions without ever facing the dreaded liquidation. How generous!
The regulators allege that Wang and Singh crafted the crafty software that made it all possible-diverting customer funds right into Alameda’s coffers.
Ellison, who ran the show at Alameda, then used those funds for a veritable shopping spree of trading, venture investments, and loans to her lovable executives, including the illustrious Sam Bankman-Fried, Wang, and Singh.
Ryan Salame tweets his court filing that his plea was based upon no federal charges against Michelle Bond.
All FTX insiders – Caroline Ellison, Gary Wang, Nishad Singh, Daniel Friedberg, Sam Trabucco etc
Should have got 10-20 years prison.
Other creditors feel the same way.
– Sunil (FTX Creditor Champion) (@sunil_trades) August 26, 2025
Now, without so much as admitting or denying anything (how very British!), all three executives have agreed to permanent injunctions keeping them from playing fast and loose with key antifraud provisions of US securities law. They’ve also accepted some rather cozy restrictions on their future professional escapades.
Ellison, bless her heart, has consented to a 10-year ban from serving as a public company officer or director. Hardly a glamorous retirement, is it? 😏
Wang and Singh are in for 8-year bans as officers and directors. One can only imagine how they’ll fill their time!
All three are also subject to 5-year conduct-based injunctions, which gives the SEC the green light to swoop in should they dare to re-enter the world of securities-related activities too soon.
Current Punishment Status as of December 2025
As of this fateful December 2025, Caroline Ellison has been whisked away to home confinement with an expected release in early 2026. How quaint! 🏡
Gary Wang, the former CTO and co-founder of FTX, received a criminal sentence of time served after being quite the cooperative chap with federal prosecutors. He’s currently enjoying supervised release, how lovely!
Nishad Singh, our dear co-lead engineer, also got a time-served criminal sentence and remains under supervision, presumably under a watchful eye. 🌟
Read More
- EUR USD PREDICTION
- GBP CHF PREDICTION
- CNY JPY PREDICTION
- USD VND PREDICTION
- USD MYR PREDICTION
- Bitcoin’s Downfall: Two Scenarios That’ll Make You Scream 😱
- GBP CNY PREDICTION
- EUR AUD PREDICTION
- EUR RUB PREDICTION
- USD JPY PREDICTION
2025-12-20 03:03