In 2023, Crypto Companies Paid $5.8 Billion in Fines
Crypto and fintech groups faced fines exceeding those of the entire traditional financial system in 2023
The crypto industry paid a staggering $5.8 billion in fines last year, due to security shortcomings, anti-money laundering controls
The majority of the sum was paid by Binance, which was described by U.S. prosecutors as “one of the largest corporate penalties in U.S. history