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CFTC Fines and Restitutions Hit Record $17.1 Billion, Influenced by FTX and Binance

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  • It was reported that the CFTC's fines and relief measures reached a record $17.1 billion.
  • FTX and Alameda Research paid $8.7 billion in compensations and $4 billion in restitutions.
  • Binance founder Changpeng Zhao reportedly paid a fine of $2.85 billion as a settlement.
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The fines and investor relief measures by the U.S. Commodity Futures Trading Commission (CFTC) have reached an all-time high.

According to Bloomberg on the 4th (local time), the CFTC's fines and relief measures for the 2024 fiscal year amounted to $17.1 billion. Of this, $14.5 billion was in restitutions and compensations, while the remaining $2.6 billion came from civil penalties.

The largest compensations and restitutions came from the bankrupt cryptocurrency exchange FTX and its subsidiary Alameda Research. These entities paid $8.7 billion in compensations and $4 billion in restitutions. This is known to be the largest compensation in CFTC history.

Additionally, Binance founder Changpeng Zhao agreed to pay a fine of $2.85 billion to the CFTC.

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