FTX and Alameda have faced the largest fines in the crypto industry from US regulators, totaling $12.7 billion. 🚨 This highlights the increased scrutiny of the bankrupt exchange. Binance has also come under fire with a record fine of $4 billion.

According to a report by CoinGecko, 16 major settlements have been made since 2021, indicating a tightening of scrutiny after the collapse of FTX. In 2023, regulators settled eight cases worth $10.87 billion.