The SEC has increased its sanctions against the crypto industry in 2024, imposing a total fine of approximately $4.7 billion! 🚀 This figure represents a 3,018% increase compared to $150.3 million in 2023. The largest share comes from the $4.47 billion fine imposed on Terraform Labs and its former CEO Do Kwon after the TerraUSD crash. The SEC is sending strong messages to the industry with fewer but larger fines.