Court Bans Top Executives of Collapsed FTX Exchange from Trading

cryptonews.ruОпубліковано о 2026-08-20Востаннє оновлено о 2026-08-20

Анотація

A U.S. court has issued an order against former FTX top executives Ryan Salame and Caroline Ellison, banning them from obtaining CFTC licenses for ten and eight years respectively. This is the outcome of the CFTC's case following the collapse of the crypto exchange FTX in 2022. Ellison was sentenced to two years in prison in September 2024 and was released in January 2026. Salame received a three-year probation sentence. The CFTC stated their cooperation with the investigation led to the reduced sentences. Meanwhile, FTX founder Sam Bankman-Fried continues to serve his prison term and is not eligible for release until 2044, with his appeal for a reduced sentence recently denied. Separately, FTX has begun distributing approximately $900 million to affected creditors as part of its reorganization plan, with payments going through BitGo, Kraken, and Payoneer to verified customers.

A court order requires Allison and Wang to continue cooperating with the U.S. Commodity Futures Trading Commission (CFTC), but prohibits them from obtaining licenses from the agency for ten and eight years, respectively. These measures are the result of a lengthy CFTC investigation into the former leaders of the cryptocurrency exchange FTX, which collapsed in 2022, Sam Bankman-Fried.

In September 2024, Allison was sentenced to two years in prison and was released from custody in January 2026. Wang did not receive a prison sentence; he was given three years of probation. The CFTC explained the mitigation of the punishment by the assistance both individuals provided to the investigation during the FTX case. Their agreement to cooperate with the authorities allowed Wang and Allison to avoid a more severe sentence.

The founder of FTX himself, Bankman-Fried, continues to serve his prison sentence and will not be released until 2044. In June, he filed a petition for clemency, but an appeals court rejected his attempt to appeal the verdict. Furthermore, the U.S. Senate has recommended against granting Bankman-Fried a presidential pardon.

Since July 31st, FTX has been distributing $900 million to affected customers as part of the company's reorganization plan. The funds are to be transferred to creditors' accounts at BitGo, Kraken, and Payoneer. Payments are only provided for customers who have completed the identity verification procedure (KYC) and submitted tax forms.

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Пов'язані питання

QWhat did the court prohibit the top managers of the collapsed FTX exchange from doing?

AThe court prohibited top managers of the collapsed FTX exchange from trading. Specifically, it issued an order preventing Allison and Wang from obtaining licenses from the regulatory agency for ten and eight years, respectively.

QWho was the founder of FTX, and when is his scheduled release from prison?

AThe founder of FTX was Sam Bankman-Fried. He is currently serving a prison sentence and is not scheduled for release until 2044.

QWhat reasons did the CFTC give for the lighter sentences for Allison and Wang?

AThe CFTC explained that the lighter sentences for Allison and Wang were due to the assistance they provided to the investigation during the FTX case. Their cooperation with authorities allowed them to avoid more severe sentences.

QHow much is FTX distributing to affected clients starting July 31, and through which platforms?

AStarting July 31, FTX is distributing $900 million to affected clients as part of its company reorganization plan. The funds are to be sent to creditors' accounts on BitGo, Kraken, and Payoneer.

QWhat are the eligibility requirements for FTX clients to receive the distribution payments?

ATo be eligible for the distribution payments, FTX clients must have completed the Know Your Customer (KYC) identification procedure and provided tax forms.

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