🚨 **Breaking Crypto News!** 🚨

- FTX and Alameda hit with the largest fines in crypto history by US regulators, reaching $12.7 billion! 😱

- According to CoinGecko, this is a record-breaking penalty against a crypto company, highlighting the regulatory focus on the now-bankrupt exchange.

- Binance is also not far behind, with a $4 billion fine, making it the largest penalty for a crypto company still operating.

**Enforcement Increases Post-FTX**

- A recent report shows 25 enforcement actions in the US have resulted in settlements of more than $10 million each, totaling nearly $32 billion in penalties.

- Of those 25 actions, 16 have been settled in the past two years, signaling increased regulatory scrutiny following the collapse of FTX in late 2022.

**Victories for US Regulators**

- From 2019 to 2022, US regulators have successfully settled eight major cases, including a $24 million fine against Block.one and a $1.24 billion fine against Telegram. - 2021 was also action-packed with settlements from Tether, Bitfinex, Poloniex, and BitMEX.

- In 2022, BlockFi and Bittrex also settled their cases with fines of $100 million and $29 million.

What do you think of these regulatory actions? Let us know in the comments! 💬