The CFTC secured $17.1 billion in fiscal year 2024, primarily from cryptocurrency enforcement efforts. The collapse of FTX led to a historic $12.7 billion recovery, the largest in CFTC history. Binance was fined $1.35 billion, with CEO Changpeng Zhao personally paying $150 million in penalties. The United States Commodity Futures Trading Commission (CFTC) its historic haul for fiscal year 2024, boasting an eye-popping $17.1 billion in monetary relief. Most of this staggering figure emerged from an intense focus on cryptocurrency enforcement, marking a seismic shift in regulatory oversight. Of the…
CFTC Announces Record $17.1B in Crypto Enforcement Actions in 2024
