The Securities and Exchange Commission has barred ex-executives of collapsed crypto exchange FTX from holding top roles at public companies. Former Alameda CEO Caroline Ellison, ex-FTX CTO Zixiao Wang, and former FTX Co-Lead Engineer Nishad Singh agreed to 8-10 year bans as part of a non-monetary settlement. The SEC accused them of directing customer funds to Alameda for investments and loans to FTX executives. FTX, a top crypto brand and exchange, allowed users to trade digital assets but collapsed due to processing failures. Founder Bankman-Fried was convicted of fraud, with his team testifying against him. Bankman-Fried is serving a 25-year prison sentence, seeking a reduction through appeal.

Read more at Yahoo Finance: FTX execs settle with SEC and agree to officer-director bans