According to the source, the SEC’s enforcement actions against associates of Sam Bankman-Fried at FTX have reached a final step, with Caroline Ellison receiving a 10-year ban from company roles, source: provided social media post dated December 19, 2025. No additional terms, timelines, or market-impact details were disclosed in the post, source: provided social media post.

According to the source, the UK Fraud Office has opened an investigation into the collapse of a $28 million crypto fund and arrested two individuals, per the source. For traders, this active enforcement action can translate into headline risk for UK-linked crypto funds, exchanges, and service providers as the case develops, per the source.