FTX and Alameda face record fines from US regulators, totaling $12.7 billion. This is the largest fine ever imposed on a cryptocurrency company, underscoring the regulatory attention the now-defunct exchange has received. Meanwhile, Binance was also fined $4 billion, the largest for an active cryptocurrency company.

- CoinGecko reports that since 2019, there have been 25 cryptocurrency lawsuits in the US with a total fine of nearly $32 billion.

- 16 of the 25 largest cases were settled in the past two years, especially after the collapse of FTX in late 2022.

- In 2023, US regulators settled 8 major cases with a total penalty value of $10.87 billion, an increase of 8,327.1% compared to the previous year.

🔍 This increase shows the increasing scrutiny of the crypto industry by regulators. 🌐