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BTC $70,979.91 -2.37%
ETH $2,188.94 -2.29%
BNB $591.99 -2.13%
XRP $1.33 -1.23%
SOL $81.98 -2.60%
TRX $0.3216 +1.16%
DOGE $0.0909 -1.82%
ADA $0.2389 -4.07%
BCH $423.64 -3.52%
LINK $8.75 -2.69%
HYPE $40.32 -4.47%
AAVE $89.76 -1.58%
SUI $0.9044 -2.97%
XLM $0.1510 -1.85%
ZEC $368.94 -0.84%

The SEC initiated 784 enforcement actions in fiscal year 2023, with fines totaling nearly $5 billion

2023-11-16 10:03:34
Collection

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) announced the enforcement results for fiscal year 2023, with a total of 784 enforcement actions, a 3% increase year-over-year, resulting in $4.949 billion in penalties, marking the second-highest record in history.

In terms of cryptocurrency, the SEC's enforcement actions include multi-billion dollar crypto fraud schemes, unregistered crypto asset products, platforms, and intermediaries, as well as illegal celebrity endorsements. The lawsuits involve charges against Terraform Labs and its founder Do Kwon; charges against Richard Heart and the three entities he controls: Hex, PulseChain, and PulseX; and charges against FTX CEO SBF and other FTX executives, among others.

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