United States regulators have secured over $19 billion in lawsuit settlements from cryptocurrency companies in 2024, representing nearly two-thirds of all settlements to date. An October 9 report from CoinGecko revealed that the bankrupt crypto exchange FTX and its affiliated trading firm Alameda accounted for the majority of these settlements, paying $12.7 billion to the Commodity Futures Trading Commission (CFTC) in an August agreement. Across eight settlements in 2024, regulators collected 78% more than in 2023, when $10.87 billion was paid. This marks a staggering 8,327% increase in settlement values compared to 2022. The past two years have seen more
