CFTC just dropped the hammer 🔨
Caroline Ellison and Gary Wang? Banned from trading for 5 years.
Wild how the FTX aftermath keeps unfolding. These weren't random traders — we're talking ex-Alameda CEO and FTX co-founder. The people who were literally running the show.
5 years sounds long until you remember what they were part of. Billions vanished. Retail got wrecked. Trust in crypto exchanges took a massive hit.
Honestly? They got off light compared to what could've happened. SBF's sitting in prison and these two are just... banned from trading?
The message is clear though: regulators are watching. And if you're playing fast and loose with customer funds, they will come for you eventually.
Crypto's wild west days are over. Whether that's good or bad depends on where you're standing I guess 🤷
Caroline Ellison and Gary Wang? Banned from trading for 5 years.
Wild how the FTX aftermath keeps unfolding. These weren't random traders — we're talking ex-Alameda CEO and FTX co-founder. The people who were literally running the show.
5 years sounds long until you remember what they were part of. Billions vanished. Retail got wrecked. Trust in crypto exchanges took a massive hit.
Honestly? They got off light compared to what could've happened. SBF's sitting in prison and these two are just... banned from trading?
The message is clear though: regulators are watching. And if you're playing fast and loose with customer funds, they will come for you eventually.
Crypto's wild west days are over. Whether that's good or bad depends on where you're standing I guess 🤷