FTX, Alameda Execs Agree to Officer-Director Bars, Injunctions

Former FTX and Alameda Research executives Caroline Ellison, Gary Wang, and Nishad Singh will be barred from officer and director roles under the terms of settlement agreements the SEC presented to a federal court Friday.

Ellison, who was Alameda’s CEO, along with FTX Trading Ltd.'s chief technology officer Wang and co-lead engineer Singh, also agreed to injunctions not to violate anti-fraud provisions of federal securities laws. The Securities and Exchange Commission filed the executives’ consents in the US District Court for the Southern District of New York.

The enforcement suits stem from the multibillion-dollar collapse of the FTX cryptocurrency exchange ...