CandleFocus Crypto Fraud Penalties Propel SEC’s 2024 Enforcement to $8.2 Billion
2024-11-23
Author: Content Editor
The US Securities and Exchange Commission (SEC) reached $8.2 billion in financial remedies in the 2024 fiscal year, even though it filed fewer enforcement cases compared to the previous year. The penalties were driven by high-profile cases, with Terraform Labs' $4.5 billion penalty making up 56% of the total. Terraform Labs and its CEO, Do Kwon, were found liable for defrauding investors during the 2022 Terra/Luna collapse. The SEC also settled with Silvergate Capital for misleading disclosures and charged BarnBridge DAO for failing to register its crypto assets as securities. The SEC distributed $345 million to harmed investors and processed over 45,000 tips and complaints in 2024. Critics argued that large fines may not address underlying systemic issues in financial markets.
Related News
SEC case against Terraform Labs lead account for over 50% of its record year financial remedies Nvidia CEO aims to align innovation with regulatory standards under Trump This indicator is a clear sign of Bitcoin surging past $100,000 Silicon Valley’s influence creates America’s most pro-crypto Congress yet Ether Faces Correction Before $20,000 in 2025 Altcoin Investor Earns $5.95M from Just $22.6K with a Strategic Investment in $BULLY Coin Toncoin To Confront Mega 46.19 Million TON Sell Wall Zone Altcoin Season Approaches as Key Indicators Flash Bullish Signals AI Crypto Startup O.XYZ Faces Allegations of Misrepresentation and Internal Turmoil: Sources New Shibarium Milestone Inch Away: Details Who accepts Dogecoin? Bitcoin may reach $180K by the end of 2025 — TYMIO founder 4.78 Trillion SHIB in 24 Hours: What’s Going On? Bitget Now Supports VND Bank Transfers in Vietnam Prominent advocates and analysts say XRP’s days below $1 are over AAVE Targets 800% Growth with Strong Bullish Momentum Venture Capitalist Cites Funding, Talent for Web3 Development Surge in Emerging Markets Is Cardano Eyeing $2 as Its Next Resistance Level? South Korea to Implement Crypto Taxation in January 2025, Targeting High-Value Gains Raoul Pal Shares His 'Paper Hand' Drama From 2017 Bitcoin Open to a Bank Run, Smaller Parties Vulnerable to Death Spiral Event FOMO might be your portfolio’s worst enemy | Opinion NFT sales drop 9.6% to $160.9m, Ethereum and Bitcoin network sales plunge TRON Continues Uptrend By Reaching The High Of $0.20 Again Polyhedra Unites zkBridge with Astar for Cross-Chain Interoperability Bitcoin vs. Tulip Mania: Why the Comparison Wilts Under Scrutiny Dogecoin (DOGE) Skyrockets 25%: Analyst Predicts $0.82 Breakout XRP to $2: This Crucial Level Needs to Be Cleared First Crypto Fraud Penalties Propel SEC’s 2024 Enforcement to $8.2 Billion ? Cardano Snubbed for Wyoming Stablecoin Project: Hoskinson Hints at Legal Action Will Chainlink Price Reach ATH If It Mirrors Its 2021 Rally? Most Likely Name to Become SEC Chairman Has Changed Again: Here Are the Latest Rumors and Cryptocurrency Views of the New Top Candidate New crypto opportunity for investors who missed XRP and ADA price rally Bananas, Bitcoin, and the rise of useless luxury that’s all about the price tag VeChain (VET) Skyrockets 45%: What’s Driving It? Trump expected to offer ex-Bakkt CEO Kelly Loeffler Agriculture secretary role Arthur Hayes Shills Another Solana Meme Coin, Price Rallies PEPE Price: Is Elon Musk Secretly Shilling Pepe Coin After Dogecoin? Cardano (ADA) Breaks Crucial Resistance With 27% Rally, What's Next? Shiba Inu Price Likely to Double As SHIB Bulls Follow Dogecoin's Path XRP’s Surge Tied to SEC Appeal Speculation, Ex-Lawyer Eyes January Outcome Bitcoin’s $100K Push Keeps Altcoin Season on Hold, Index at 32 Bitcoin ETFs see $2.4B inflows as China ETFs hit record outflows Polkadot: Why $11.96 can be next on the cards for DOT Report: FSA in secret crypto crackdown talks as Trump hype and Japan investment skyrockets Bitcoin 'wild' odds see 85% chance of BTC price above $100K by New Year SHIB Burns Skyrocket 49,464%: Here’s What’s Happening Dogecoin (DOGE) Prints 17% Rally, Is $0.8 Inbound? Analyst Who Nailed 2022 Crypto Collapse Issues Warning, Says Bitcoin Could Hit Local Top Any Time – Here’s Why What Scott Bessent, Trump’s pick for Treasury Secretary, means for markets Bitcoin (BTC) Price Top Near? CryptoQuant CEO Shares His Forecast Grayscale’s Stellar Lumens Trust Filing Triggers 58% Hike in XLM Price Cardano hits $1: Could this surge be just the start of an even bigger rally? Alameda Research Moves Millions in Polygon (POL) Tokens: Is a Sell-Off Coming? Here’s why the crypto Altseason could start tomorrow Top 3 Artificial Intelligence (AI) Coins of the Third Week of November 2024 Cardano (ADA) Price Prediction for November 23 Ether price faces correction before rally to $20K in 2025 — Analysts President Trump plans for Kevin Warsh to replace Jerome Powell as Fed chair Here’s why Stellar price is surging and why XLM may slip soon Michael Saylor Breaks Silence on Bitcoin (BTC) Price: Details Cardano Price Prediction: ADA Price Breaks $1 Amid Renewed Crypto Optimism Crypto Whale Withdraws $6M in $ETH to Acquire 2.22 Trillion $MOG Tokens Ethereum (ETH) Price Prediction for November 23 SOL, XRP lead top altcoins as EOS and MANA soar XRP Price Prediction for November 23 Dogecoin price analysis: here’s why DOGE could surge 60% Uniswap Daily Trading Volume Soars: Rally Towards $15 Next? VeChain Surges 134% in 3 Weeks, Setting Sights on Key Price Milestones Ahead Expert Predicts Timeline for XRP to Rise from $5 to $30 Cardano’s Market Surge, ADA Nears $1.00, Analyst Forecasts Bullish Outlook Fed says US debt is the top threat to economic stability, criticizes stablecoins Millionaire Mentor Says XRP Will Never Go Below $1 Again Cardano Becomes an “A” Asset, Joining Bitcoin and Ethereum as the Only Occupants of the Elite Group BitBoy Comments on SEC “Emergency Settlement” of Ripple Suit Pundit Shares 3 Ways to Address XRP Reserve Fee Issue as XRP Price Surge to $1.5 Raises Costs MetaMask Mentions This Milestone for Shiba Inu and Dogecoin Cardano breaches $1 mark: Factors fueling ADA’s rise Trader Says Top-10 Altcoin To Vastly Outperform Bitcoin and Ethereum, Hit New Record High Quicker Than Expected How to exploit volatility with trading on Bitcoin Bitcoin Prediction Market Signals $2.5 Trillion Market Cap by January 1st Ripple CEO Shares Good News With XRP Army As Trump Names Treasury Secretary Polygon's Ecosystem Token Is On The Rise And Is Targeting The High Of $0.60 Chainlink price prediction as LINK forms a rare bullish pattern How high can the Dogecoin price go? XR One and CARV Collaborate to Revolutionize Web3 Gaming Infrastructure Solana price prediction: here’s why SOL token will hit $8,000 Stellar (XLM) Leads Top Gainers List with 57% Surge Elon Musk Slams SEC After Scoring Partial Victory in Court, DOGE Founder Joins Him Avalanche price analysis: here’s why AVAX could surge 458% Court prolongs Tornado Cash developer Pertsev’s pre-trial detention What's Next for Crypto: SEC Examination Priorities in 2025 Cardano Unveils Updated Constitution as ADA Price Rises 12% From Code to $100K: Why Bitcoin’s Milestone Matters to Economics Namecheap Amasses $73 Million in Bitcoin Revenue With Over 1.1 Million Transactions Indian Official Expresses Doubts About Crypto: 'I Am Very Skeptical' AI Tokens INJ, GRT, RENDER Lead Altcoin Rally With Bullish Breakouts Former Coatue Management exec co-founds new venture firm aiming to raise up to $500 million: report FTX Liquidator Transfers RAY Worth Millions To Binance Kraken Token Listing Roadmap Includes 19 New Coins Funding fees for perpetual swaps have surged to over 10%, even hitting 20% on major exchanges DEGEN Token Nears Breakout: Could See 30%-50% Price Surge ACT, PNUT Volatility: Binance’s Hidden Hand Revealed Australia Seeks Public Input on Crypto Tax Reporting BTC and XRP Redefine Boundaries in US Crypto Regulation Shiba Inu ‘To The Moon’: Lead Kusama Unveils Key Catalysts Headwinds for XRP: Why Market Conditions Could Trigger a Pullback Here’s How High Dogecoin Can Rise if DOGE Gets $50 Billion Daily Volume Short Sellers Get REKT as XRP Shoots up 25% in 24 Hours Top Analyst Says XRP Will Reach New ATH Sooner Than Expected VeChain Price Analysis: 684% Growth Potential as VET Targets $0.25315 XRP Price Prediction For November 23 SEC Unveils Plan to Compensate Investors in Mila Kunis' Stoner Cats Tron’s Justin Sun Wins $6.2M Banana Auction, Reminds Us That Art Is Subjective (and Edible) Bitcoin Genius? Kiyosaki Backs Saylor’s Bold Strategy Bitcoin Whale Accumulates $330 Million in BTC in The Past Four Days: Lookonchain Here’s How High Dogecoin Can Rise if DOGE Gets $50 Billion Daily Volume XRP Gains Bullish Momentum Following Gensler Resignation News Shiba Inu ‘To The Moon’: Lead Kusama Unveils Key Catalysts Headwinds for XRP: Why Market Conditions Could Trigger a Pullback Trump Reveals Plan for Crypto, Big Tech, and Immigration! Explosive Crypto Day Trading Strategies: Unveiling Today’s Most Lucrative Digital Assets Van Eck reissues $180K Bitcoin price target for current market cycle Crypto Whale Sells $224M in $ETH After 8 Years of Dormancy Bitcoin Rally Stalling? Coinbase Premium Disappears as BTC Nears $100,000 Resistance Crypto Market Alert: Altcoins Could Face 20-30% Declines Before Year-End Cardano Gains Steam: ADA Sights More Growth After Breaking $0.8119 Bitcoin’s $4.5B net outflows ignite bullish momentum, pushing prices toward $100K HTX Launches Convert: Easily Exchange Cryptos with Zero Fees XRP Set to Overtake BNB, Eyes on 35% Rally JPMorgan Chase Pays $40,000,000,000 in Fines and Settlements As US Bank Battles Hundreds of Ongoing Legal Challenges: Report SEC Chair candidate Teresa Guillén wants to “make crypto great again” Top Emerging Digital Currencies Redefining Financial Landscapes Crypto users were at risk 6 months after Apple promised system security Sui and Franklin Templeton Team Up To Drive DeFi Adoption: Details Trump Nominates Pro-Crypto Hedge Fund Manager Scott Bessent as Treasury Secretary Massive Ethereum Buying Spree – Taker Buy Volume hits $1.683B In One Hour Enormous XRP Breakthrough: $2 in Sight, Dogecoin (DOGE) at Pivotal Price Level, Ethereum (ETH) Forms Very Dangerous Pattern MoonDog Teams Up with Aelf To Boost Next-Gen Blockchain Solutions