Caroline Ellison and two other former FTX executives have accepted penalties from the SEC and signed a settlement agreement, being banned from serving as executives or directors for 8 to 10 years

According to Coindesk, the U.S. SEC has issued a lawsuit notice stating that three former executives of FTX and its affiliated companies have accepted the SEC's final penalties, and the SEC is handling enforcement cases related to the collapse of the exchange.

Former CEO Sam Bankman-Fried is serving time in federal prison for fraud, while other executives, including former CEO Caroline Ellison of Alameda Research, have agreed to a settlement that still requires court approval. Other executives who signed the settlement agreement include former Chief Technology Officer Zixiao Wang of FTX Trading and former co-Chief Engineer Nishad Singh of FTX. The SEC stated that all three will be prohibited from serving as executives or directors at other companies, with Caroline Ellison's ban lasting 10 years and the others' bans lasting 8 years. The agency also indicated that they are subject to a five-year "behavioral ban."