{"id":19237,"date":"2024-12-05T16:25:19","date_gmt":"2024-12-05T14:25:19","guid":{"rendered":"https:\/\/forklog.com\/en\/cftc-secures-record-17-1-billion-in-2024\/"},"modified":"2024-12-05T16:25:19","modified_gmt":"2024-12-05T14:25:19","slug":"cftc-secures-record-17-1-billion-in-2024","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cftc-secures-record-17-1-billion-in-2024\/","title":{"rendered":"CFTC Secures Record $17.1 Billion in 2024"},"content":{"rendered":"<p>In 2024, the U.S. Commodity Futures Trading Commission (CFTC) secured and returned a record $17.1 billion, according to the <a href=\"https:\/\/cftc.gov\/PressRoom\/PressReleases\/9011-24\">agency&#8217;s report<\/a> for the fiscal period.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/CFTC?ref_src=twsrc%5Etfw\">@CFTC<\/a> brought 58 new actions in fiscal year 2024 and had record monetary relief of over $17.1 billion, which included $2.6 billion in civil monetary penalties and $14.5 billion in disgorgement and restitution: <a href=\"https:\/\/t.co\/2En5bCBihP\">https:\/\/t.co\/2En5bCBihP<\/a> <a href=\"https:\/\/t.co\/g4TMB234qj\">pic.twitter.com\/g4TMB234qj<\/a><\/p>\n<p>\u2014 CFTC (@CFTC) <a href=\"https:\/\/twitter.com\/CFTC\/status\/1864365524617928954?ref_src=twsrc%5Etfw\">December 4, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The largest contribution to this sum came from the bankrupt exchange FTX and its affiliate Alameda Research. Together, they <a href=\"https:\/\/forklog.com\/en\/news\/ftx-and-cftc-reach-12-7-billion-settlement-agreement\">paid<\/a> $8.7 billion in damages and returned $4 billion in illicit profits \u2014 the largest recovery in the agency&#8217;s history.<\/p>\n<p>Another significant case involved the exchange Binance and its founder Changpeng Zhao. The company paid a $1.35 billion fine, and the founder paid $150 million. Additionally, the court ordered the exchange to return $1.35 billion in illegal profits.<\/p>\n<p>Among other notable examples, the Commission cited the ongoing case against former Voyager director Stephen Ehrlich, accused of fraud, and the recognition of Seneca Ventures as a Ponzi scheme, with over $230.5 million recovered.<\/p>\n<p>Throughout the year, the CFTC initiated 58 new legal proceedings, some of which \u2014 particularly those involving digital assets \u2014 lack legal precedents.<\/p>\n<p>&#8220;Misconduct within our jurisdiction rarely remains confined to it, especially as its boundaries are constantly redefined by breakthrough technologies. I commend our enforcement division for its flexibility in responding to market developments and the growing range of participants,&#8221; noted Commission Chairman Rostin Behnam.<\/p>\n<p>As reported by FOX Business, the Trump administration plans to expand the CFTC&#8217;s authority, placing all digital assets deemed commodities under the agency&#8217;s control.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2024, the U.S. Commodity Futures Trading Commission (CFTC) secured and returned a record $17.1 billion, according to the agency&#8217;s report for the fiscal period. .@CFTC brought 58 new actions in fiscal year 2024 and had record monetary relief of over $17.1 billion, which included $2.6 billion in civil monetary penalties and $14.5 billion in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[879,1162,1304,1252],"class_list":["post-19237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cftc","tag-court-cases","tag-fines","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19237"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19236"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}