TechFlow reports on December 5, according to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) announced it recovered a record $17.1 billion in fiscal year 2024, including $2.6 billion in civil penalties and $14.5 billion in disgorgement and restitution. The FTX case contributed $12.7 billion, comprising $8.7 billion in restitution and $4 billion in disgorgement, marking the largest recovery in CFTC history.
In the Binance case, the exchange and its founder Changpeng Zhao paid a total of $2.85 billion, with Zhao personally paying $150 million, while Binance paid $1.35 billion in civil penalties and $1.35 billion in disgorgement. Additionally, the CFTC filed charges against former Voyager CEO Stephen Ehrlich and imposed a $231.5 million penalty related to the Seneca Ventures Ponzi scheme.
CFTC Chair Rostin Behnam emphasized that the agency will continue strengthening oversight of digital asset markets to safeguard the healthy development of U.S. financial markets. Ongoing litigation includes cases against FTX co-founder Gary Wang and former Alameda CEO Caroline Ellison.
