The US Commodity Futures Trading Commission (CFTC) has announced a record recovery of $17.1 billion for victims in cryptocurrency fraud cases. The CFTC's enforcement actions, particularly against major players FTX and Binance, contributed to this historic figure. In the FTX case, the CFTC substantiated fraud claims against the exchange, resulting in the largest recovery for victims in CFTC history. Founder Sam Bankman-Fried has been sentenced to 25 years in prison, and the CFTC continues litigation against other implicated individuals. The CFTC is also pursuing legal action against parties involved in the Binance case, imposing significant penalties on the exchange's CEO. This reflects the CFTC's efforts to protect customers and enforce market integrity in the cryptocurrency sector.



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