According to CoinMeta, CFTC announced the conclusion of legal proceedings against former FTX executives Caroline Ellison and Gary Wang, imposing a five-year trading ban on each of them. Ellison was also subjected to a ten-year registration ban, while Wang faced an eight-year ban. Despite these bans, FTX and Alameda still face a $12.7 billion CFTC judgment. CFTC stated that the two were found guilty of fraud in FTX and Alameda, but due to their cooperation during the investigation, they were not subjected to new civil fines or compensation.