The Commodity Futures Trading Commission (CFTC) has released its enforcement outcomes for Fiscal Year 2023, revealing a significant increase in digital asset cases. The CFTC’s Division of Enforcement initiated 96 enforcement proceedings, resulting in penalties, restitution, and disgorgement totaling over $4.3 billion. Approximately 50% of the cases involved cryptocurrencies, with the CFTC filing 47 actions related to digital asset commodities. These actions targeted fraudulent activities by exchanges and individuals, leading to a legal victory against a decentralized autonomous organization and a digital asset futures platform. The CFTC also initiated litigation regarding cross-market manipulation in blockchain technology. Chairman Rostin Behnam emphasized the CFTC’s commitment to preventing fraud and manipulation, highlighting the Division of Enforcement’s efforts in the digital asset domain. The CFTC’s actions included suing individuals involved in a suspected fraudulent scheme that resulted in over $8 billion in losses for FTX customer assets. In addition, the CFTC charged Celsius and its ex-CEO with fraud related to a digital asset commodity pool scheme, as well as a digital asset lending platform for unregistered commodity pool operations.

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Information	Details
Geography	North America
Countries
Sentiment	positive
Relevance Score	1
People	Caroline Ellison, Nishad Singh, Gary Wang, Samuel Bankman-Fried, Alex Mashinsky
Companies	LedgerX, CFTC, Division of Enforcement, FTX, Celsius
Currencies	None
Securities	None