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YOU’VE BEEN WARNED! Crypto Execs Just Shelled Out a WHOPPING 19 BILLION, and Now the Feds Are Coming for YOUR HOUSE

A comically exaggerated illustration depicting a giant house being lifted off its foundation with chains attached to it, as flames engulf the background while a massive pile of cryptocurrency coins and dollar bills burns nearby. A pair of handcuffs are visible at the top, symbolizing 'the feds coming for your house.' In the foreground, a frazzled crypto executive is seen running away from the chaos, surrounded by broken computers and scattered documents.

The Crypto Clown Show: When Regulators Come Knocking on Your Door.

Source: cointelegraph

United States regulators have received over $19 billion in lawsuit settlements from crypto companies in 2024 so far, representing almost two-thirds of all settlements to date.  Data in an Oct. 9 report from CoinGecko shows bankrupt crypto exchange FTX and affiliated trading firm Alameda are responsible for most of the funds, with $12.7 billion paid to the Commodity and Futures Trading Commission (CFTC) in an August settlement.  Across eight settlements […]

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