Regulation
CFTC Relief Reaches Record $17.1 Billion With Crypto Crackdown
- Judgment against FTX, Alameda largest in regulator’s history
- Binance, founder CZ also agreed to pay more than $2.8 billion
The Commodity Futures Trading Commission headquarters in Washington, DC.
Photographer: Ting Shen/BloombergThis article is for subscribers only.
The US Commodity Futures Trading Commission’s fines and investor relief hit a record $17.1 billion, largely due to the agency’s crackdown on defunct crypto exchange FTX.
Most of the fines and remedies in fiscal 2024 were tied to FTX and sister hedge fund Alameda Research, which led to more than $8.7 billion in restitution and $4 billion in disgorgement. The total was the largest in CFTC history, the regulator said in its annual report.