FTX settles CFTC complaint for $12.7 billion

Defendants Sam Bankman-Fried, Caroline Ellison and Gary Wang, as well as FTX and Alameda Research, will be prohibited from trading in commodities, including trading in bitcoin, ether, USDT or other assets deemed “digital asset commodities” by the CFTC. . However, with Bankman-Fried already beginning a 25-year prison sentence and Ellison and Wang set to be sentenced, this may be low on their list of worries.