U.S. CFTC levies $17.1B in fines this year, most tied to FTX and Alameda Research

The U.S. Commodity Futures Trading Commission (CFTC) has levied a record $17.1 billion in fines so far this year, most of which are tied to FTX and its sister hedge fund Alameda Research, Bloomberg reported. This includes north of $8.7 billion in compensation and $4 billion in disgorgement for FTX/Alameda, as well as $2.85 billion in fines and relief for Binance and its founder Changpeng Zhao (CZ).