BTC $63,930.18 -2.14%
ETH $1,853.85 -1.82%
BNB $564.49 -0.63%
XRP $1.08 -2.27%
SOL $73.76 -2.69%
TRX $0.3292 -0.52%
DOGE $0.0693 -0.73%
ADA $0.1617 -3.43%
BCH $210.44 -0.65%
LINK $8.27 -2.66%
HYPE $57.20 -2.97%
AAVE $91.20 -4.91%
SUI $0.7050 -4.95%
XLM $0.1772 -3.49%
ZEC $475.43 -6.77%
BTC $63,930.18 -2.14%
ETH $1,853.85 -1.82%
BNB $564.49 -0.63%
XRP $1.08 -2.27%
SOL $73.76 -2.69%
TRX $0.3292 -0.52%
DOGE $0.0693 -0.73%
ADA $0.1617 -3.43%
BCH $210.44 -0.65%
LINK $8.27 -2.66%
HYPE $57.20 -2.97%
AAVE $91.20 -4.91%
SUI $0.7050 -4.95%
XLM $0.1772 -3.49%
ZEC $475.43 -6.77%

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.

Related tags
Related tags
app_icon
ChainCatcher Building the Web3 world with innovations.