The U.S. District Court for the Southern District of New York entered consent orders on Tuesday that impose a five‑year trading ban on former Alameda Research CEO Caroline Ellison and a five‑year trading ban on FTX co‑founder Zixiao “Gary” Wang. The orders also impose a ten‑year registration ban on Ellison and an eight‑year registration ban on Wang.

The Commodity Futures Trading Commission (CFTC) said the bans reflect the material assistance both individuals provided in the agency’s FTX‑related investigations. Ellison was previously sentenced to two years in prison, and Wang received time served in a separate criminal case involving the misuse of customer funds.

On Wednesday, the U.S. Attorney’s Office in the Southern District of New York filed an opposition to a motion to dismiss submitted by Gannon Ken Van Dyke, a former service member who alleged he earned more than $400,000 on Polymarket using nonpublic information tied to a military operation that removed Venezuelan President Nicolás Maduro. The filing argued that Van Dyke’s arguments about the Commodity Exchange Act were speculative and based on improper inferences.

Judge Anna J. Howard of the Northern District of Georgia ordered the unsealing of an indictment on Monday that charges Edward Zimbardi with twelve counts of wire fraud, one count of money‑laundering conspiracy and eleven counts of transactional money‑laundering. Prosecutors allege that Zimbardi tricked thousands of investors into a “Crypto Program” with promises of high returns. The indictment, unsealed by Magistrate Judge Howard, lists assets seized by Dutch authorities, including 11.87 Bitcoin, 2.15 Ether, 713,344,695 Shiba Inu, 47,110 USDT, 12,095 USDT0, 3.3 million XRP, 1,095 Dogecoin, 10.2 million Osaka Protocol, and 11.97 Polygon, valued at approximately $6 million.

The cases illustrate continued legal scrutiny of crypto industry participants by U.S. regulators and courts.