The U.S. Securities and Exchange Commission (SEC) has imposed nearly $4.7 billion in fines on crypto firms and their executives in 2024, up more than 3,000% from 2023.

- The largest contributor was a $4.47 billion settlement with Terraform Labs and former CEO Do Kwon.

- A total of 11 SEC actions in 2024 have led to this increase in fines.

- The average fine in 2024 exceeded $420 million.

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