FTX and its sister company Alameda have been hit with a $12.7 billion fine by US regulators. This is the largest fine ever imposed on a crypto company! 😱 According to CoinGecko, Binance’s $4 billion fine is the largest fine ever imposed on a crypto company in operation.

Regulatory pressure has increased since the collapse of FTX. In the last two years, 16 major settlements have been made, bringing the total fines to $32 billion. In 2023, 8 major cases were settled, bringing the fines to a record $10.87 billion.

US regulators have won significant victories since 2019. Big names like Block.one, BitClave, Telegram, Tether, Bitfinex, Poloniex, BitMEX, BlockFi, and Bittrex have faced fines. Regulatory pressure continues to increase in the crypto world! 🚀