The US commodities regulator recovered $12.7 billion in the FTX case, which was the “largest recovery for victims and sanctions in CFTC history.”
The United States Commodity Futures Trading Commission (CFTC) has announced a record-breaking $17.1 billion in monetary relief for fiscal year 2024, largely driven by enforcement actions involving cryptocurrency cases.
The record monetary relief comprised $2.6 billion in civil monetary penalties (CMP) and $14.5 billion in disgorgement and restitution, the CFTC officially announced on Dec. 5.
The recovery was largely contributed by the agency’s crackdown on the defunct crypto exchange FTX, which collapsed in November 2022.
