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🚨 Crypto Companies Paid $19,000,000,000 in 2024 SETTLEMENTS Alone!
U.S. regulators have raked in a staggering $19 billion from crypto companies in settlements this year — marking a massive leap compared to previous years. The total amount collected since 2019 now stands at $31.92 billion, with 2024 accounting for two-thirds of it!
Key Players:
- FTX & Alameda top the list, coughing up $12.7 billion to the CFTC in an August settlement.
- Terraform Labs ranks second with a $4.47 billion settlement over the TerraUSD (UST) collapse.
- Genesis follows, settling for $2 billion with the OAG.
This year has seen an 78% spike in settlements compared to 2023, signaling that regulatory pressure is far from easing.
Regulatory Crackdown Intensifies: Crypto regulation hit a boiling point in the last two years, with Celsius, Terraform Labs, and FTX’s implosion acting as catalysts for more aggressive scrutiny. Binance’s November 2023 settlement also stands out as the only billion-dollar deal made with a company still in operation, underscoring the high stakes of regulatory battles.
Crypto’s bull-to-bear market shift after major collapses in 2022 triggered this wave of scrutiny and lawsuits. The numbers show how far regulators have stepped up their efforts to police the industry. Is 2024 on track to be the most litigious year in crypto history? All signs point to yes!
What do you think about this situation?
👇 Drop a comment below and stay updated with @Professor Mende - Bonuz Ecosystem Founder !
#FTX #Terra #Genesis #Regulation #CFTC
$PEPE $SHIB $FLOKI
U.S. regulators have raked in a staggering $19 billion from crypto companies in settlements this year — marking a massive leap compared to previous years. The total amount collected since 2019 now stands at $31.92 billion, with 2024 accounting for two-thirds of it!
Key Players:
- FTX & Alameda top the list, coughing up $12.7 billion to the CFTC in an August settlement.
- Terraform Labs ranks second with a $4.47 billion settlement over the TerraUSD (UST) collapse.
- Genesis follows, settling for $2 billion with the OAG.
This year has seen an 78% spike in settlements compared to 2023, signaling that regulatory pressure is far from easing.
Regulatory Crackdown Intensifies: Crypto regulation hit a boiling point in the last two years, with Celsius, Terraform Labs, and FTX’s implosion acting as catalysts for more aggressive scrutiny. Binance’s November 2023 settlement also stands out as the only billion-dollar deal made with a company still in operation, underscoring the high stakes of regulatory battles.
Crypto’s bull-to-bear market shift after major collapses in 2022 triggered this wave of scrutiny and lawsuits. The numbers show how far regulators have stepped up their efforts to police the industry. Is 2024 on track to be the most litigious year in crypto history? All signs point to yes!
What do you think about this situation?
👇 Drop a comment below and stay updated with @Professor Mende - Bonuz Ecosystem Founder !
#FTX #Terra #Genesis #Regulation #CFTC
$PEPE $SHIB $FLOKI
🚨 Former FTX exec Nishad Singh seeks leniency, hoping to avoid prison. His lawyers argue his late involvement in the fraud and full cooperation with authorities should be considered. Singh's sentencing scheduled for Oct 30. #FTX #NishadSingh #CryptoCrime #Write2Earn!
"FTX Unstakes 178,000 Solana Tokens as Bankruptcy Reorganization Gains Approval"
FTX continues its regular monthly Solana redemptions following a U.S. court’s approval of its reorganization plan.
Read more on: https://thecryptobasic.com/2024/10/15/ftx-unstakes-over-178000-sol-tokens-amid-bankruptcy-reorganization-approval/
#FTX #Solana #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥"
Read more on: https://thecryptobasic.com/2024/10/15/ftx-unstakes-over-178000-sol-tokens-amid-bankruptcy-reorganization-approval/
#FTX #Solana #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥"
FTX’s bankruptcy estate has recovered nearly $4B in digital assets, benefiting from crypto price rebounds since Nov 2022.
Assets like $SOL , $TON , and $TRX have more than doubled.
Source: Kaiko Data
#FTX #FTXRecovery #ftxestate #TrendingTopic
Assets like $SOL , $TON , and $TRX have more than doubled.
Source: Kaiko Data
#FTX #FTXRecovery #ftxestate #TrendingTopic
🚨 Crypto Companies Paid $19,000,000,000 in 2024 SETTLEMENTS Alone!
U.S. regulators have raked in a staggering $19 billion from crypto companies in settlements this year — marking a massive leap compared to previous years. The total amount collected since 2019 now stands at $31.92 billion, with 2024 accounting for two-thirds of it!
Key Players:
- FTX & Alameda top the list, coughing up $12.7 billion to the CFTC in an August settlement.
- Terraform Labs ranks second with a $4.47 billion settlement over the TerraUSD (UST) collapse.
- Genesis follows, settling for $2 billion with the OAG.
This year has seen an 78% spike in settlements compared to 2023, signaling that regulatory pressure is far from easing.
Regulatory Crackdown Intensifies: Crypto regulation hit a boiling point in the last two years, with Celsius, Terraform Labs, and FTX’s implosion acting as catalysts for more aggressive scrutiny. Binance’s November 2023 settlement also stands out as the only billion-dollar deal made with a company still in operation, underscoring the high stakes of regulatory battles.
Crypto’s bull-to-bear market shift after major collapses in 2022 triggered this wave of scrutiny and lawsuits.
The numbers show how far regulators have stepped up their efforts to police the industry.
Is 2024 on track to be the most litigious year in crypto history? All signs point to yes!
What do you think about this situation? 👇 Drop a comment below and stay updated with @Professor Mende - Bonuz Ecosystem Founder !
#FTX #Terra #Genesis #Regulation #CFTC $PEPE $SHIB $FLOKI
U.S. regulators have raked in a staggering $19 billion from crypto companies in settlements this year — marking a massive leap compared to previous years. The total amount collected since 2019 now stands at $31.92 billion, with 2024 accounting for two-thirds of it!
Key Players:
- FTX & Alameda top the list, coughing up $12.7 billion to the CFTC in an August settlement.
- Terraform Labs ranks second with a $4.47 billion settlement over the TerraUSD (UST) collapse.
- Genesis follows, settling for $2 billion with the OAG.
This year has seen an 78% spike in settlements compared to 2023, signaling that regulatory pressure is far from easing.
Regulatory Crackdown Intensifies: Crypto regulation hit a boiling point in the last two years, with Celsius, Terraform Labs, and FTX’s implosion acting as catalysts for more aggressive scrutiny. Binance’s November 2023 settlement also stands out as the only billion-dollar deal made with a company still in operation, underscoring the high stakes of regulatory battles.
Crypto’s bull-to-bear market shift after major collapses in 2022 triggered this wave of scrutiny and lawsuits.
The numbers show how far regulators have stepped up their efforts to police the industry.
Is 2024 on track to be the most litigious year in crypto history? All signs point to yes!
What do you think about this situation? 👇 Drop a comment below and stay updated with @Professor Mende - Bonuz Ecosystem Founder !
#FTX #Terra #Genesis #Regulation #CFTC $PEPE $SHIB $FLOKI
Former CEO of bankrupt crypto exchange FTX, Ryan Salame, posts on LinkedIn ahead of 7.5-year prison sentence:
“I am happy to share that I have started working as an Inmate at FCI Cumberland prison!”
#FCI #FTX #RyanSalame #SamBankman-Fried #SambankmanFried
“I am happy to share that I have started working as an Inmate at FCI Cumberland prison!”
#FCI #FTX #RyanSalame #SamBankman-Fried #SambankmanFried
LIVE
BitEagle News
--
JUST IN:
Just now, Grayscale transferred 15,816 BTC worth $643 million to Coinbase.
This substantial move suggests they might not be finished with BTC dumping.
The significant reason behind this selling appears to be Grayscale's high ETF fees.
#Bitcoin
Just now, Grayscale transferred 15,816 BTC worth $643 million to Coinbase.
This substantial move suggests they might not be finished with BTC dumping.
The significant reason behind this selling appears to be Grayscale's high ETF fees.
#Bitcoin
🚨The FTX Distribution News Is Not Bullish🚨
Here's why
👉The FTX went bankrupt in November 2022, and since then, a lot of people have been waiting for their funds to get back.
Today, it was reported that FTX is planning to distribute money to its users.
But here are two things most people are missing:
→ FTX will give the USD value to the users rather than BTC or ETH, which means they will/have dump their holdings (This is bearish).
→ FTX users will get their money based on the crypto prices in November 2022, which means if someone had 1 BTC, they would get $16,000 rather than $43,000.
✨I'm happy for all those who are getting their money, but from a price perspective, this is bearish.
✨Also, the users will get way less than what they should have gotten.
👉 Click Here to get Free Usdt From Binance 🔗
#Write2Earn #FTX #TrendingTopic
Here's why
👉The FTX went bankrupt in November 2022, and since then, a lot of people have been waiting for their funds to get back.
Today, it was reported that FTX is planning to distribute money to its users.
But here are two things most people are missing:
→ FTX will give the USD value to the users rather than BTC or ETH, which means they will/have dump their holdings (This is bearish).
→ FTX users will get their money based on the crypto prices in November 2022, which means if someone had 1 BTC, they would get $16,000 rather than $43,000.
✨I'm happy for all those who are getting their money, but from a price perspective, this is bearish.
✨Also, the users will get way less than what they should have gotten.
👉 Click Here to get Free Usdt From Binance 🔗
#Write2Earn #FTX #TrendingTopic
Ethereum: These 4 ‘culprits’ fueled sell-offs, 7% price fall
Four whales including notable institutional investors took part in selling off some of their #Ethereum [ $ETH ] holdings as the altcoin’s price collapsed on the charts. In fact, ETH depreciated by over 7% in just 24 hours.
According to Lookonchain, Cumberland, a trading firm, sent a total of 17,206 #ETH to exchanges.
At the time of the transactions, the coins were worth $57.3 million. #FTX also deposited $8.33 million worth of ETH to Binance. Finally, the other two institutions sold a combined $39.92 million in ETH.
Four whales including notable institutional investors took part in selling off some of their #Ethereum [ $ETH ] holdings as the altcoin’s price collapsed on the charts. In fact, ETH depreciated by over 7% in just 24 hours.
According to Lookonchain, Cumberland, a trading firm, sent a total of 17,206 #ETH to exchanges.
At the time of the transactions, the coins were worth $57.3 million. #FTX also deposited $8.33 million worth of ETH to Binance. Finally, the other two institutions sold a combined $39.92 million in ETH.
