⚡ Update: Cryptocurrency companies have paid out $19 billion in settlements with U.S. regulators in 2024.

According to an Oct. 9 report from CoinGecko, bankrupt crypto exchange FTX and its affiliate Alameda were responsible for the bulk of this amount, with $12.7 billion paid to the Commodity Futures Trading Commission (CFTC) in a settlement in August.

This shows the heavy hand regulators are taking in the crypto space and the huge impact major bankruptcies have on the industry.

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