The Commodity Futures Trading Commission (CFTC) is pursuing more crypto crooks than ever before. 

In a Tuesday announcement, the regulator said that its enforcement results for the year included a record number of cases in the digital asset space. 

For the fiscal year of 2023, the CFTC brought 47 actions involving conduct related to digital asset commodities, the announcement read. This represents more than 49% of all actions and resulted in over $4.3 billion in penalties, restitution and disgorgement, it added.

“In financial year 2023, the CFTC cemented its reputation as a premier enforcement agency in the digital asset space,” the regulator’s statement said. 

CFTC Chair Rostin Behnam added that he was “proud” of the body’s work in the crypto space. 

Of the biggest actions in the space, the CFTC listed the charges it brought against collapsed digital asset exchange FTX, its ex-boss Sam Bankman-Fried and his failed trading firm Alameda Research; Go to Source to See Full Article
Author: Mathew Di Salvo

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