US Regulators Extract $19,000,000,000 From Crypto Firms Through Enforcement Actions This Year: CoinGecko
A new report from crypto data aggregator CoinGecko reveals that US regulators have so far secured more than $19 billion in settlements from the digital asset industry in 2024.
CoinGecko says the largest crypto enforcement action by monetary value as of October 9th was against bankrupt crypto exchange FTX and its affiliated trading firm Alameda Research.
The Commodity Futures Trading Commission (CFTC) obtained a $12.7 billion judgment in its suit against FTX and Alameda. The amount will be used to repay an estimated $11.2 billion that the former crypto empire owes to its customers and creditors.
The second-highest settlement is with defunct blockchain company Terraform Labs, which agreed to pay $4.5 billion after a jury…
