How much money was made in credit default swaps?

The exact amount made in credit default swaps (CDS) can vary significantly over time and is influenced by market conditions. At their peak before the 2008 financial crisis, the market for CDS reached around $60 trillion in notional value. However, the actual profits or losses realized from these contracts depend on various factors, including defaults of underlying securities and market movements. Overall, while CDS can generate substantial profits for some investors, they also carry significant risks.