FTX and its sister firm Alameda faced the largest crypto-related enforcement by US regulators, with a staggering $12.7 billion in combined settlement charges.
According to CoinGecko’s findings, this amount tops the list of penalties imposed on cryptocurrency companies, highlighting the regulatory focus on the now-bankrupt exchange. Meanwhile, Binance’s $4 billion settlement is notable as the highest-ever penalty against an operational crypto company. However, it ranks only as the fourth-largest overall.
Heightened Crackdown Post FTX
The crypto data aggregator, in its report published earlier this week, revealed that 25 US crypto enforcement actions have resulted in settlements exceeding $10 million each, with total penalties from these cases amounting to nearly $32 billion, signaling a growing crackdown on the industry.
Of the top 25 crypto enforcement actions in the US, 16 settlements have been finalized in the past two years. This was essentially indicative of intensified regula
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