The United States CFTC reaches a law enforcement settlement with Caroline Ellison and Gary Wang
2026-08-19 22:31:11
According to CoinMeta, and based on the official websites of the US authorities, the Southern District Federal Court of New York issued supplementary consent orders against Caroline Ellison and Gary Wang. Ellison was subjected to a 5-year trading ban and a 10-year registration ban, while Wang faced a 5-year trading ban and an 8-year registration ban. Both individuals are required to continue to cooperate with the investigation by CFTC. At present, CFTC is not seeking recovery of funds, restitution, or civil fines. Part of the reason for this is that the two have been highly cooperative with the investigation, and a confiscation order of $11.02 billion has already been issued in relation to the related criminal cases.
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Source:Internet
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