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CFTC Pays $16m for Crypto-Related Whistleblowing!

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Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

The Commodity Futures Trading Commission (CFTC) in the US has paid out $16 million to whistleblowers this year, with the majority of 1,530 tips involving cryptocurrencies, according to Commissioner Christy Goldsmith Romero. In a statement, Romero said that the rise in retail customers under the CFTC’s jurisdiction had made the efforts of its whistleblowing program and Office of Customer Education and Outreach more critical. She added that this year’s payouts included “more than $15 million to two whistleblowers who provided significant information and assistance that led the CFTC to bring separate successful enforcement cases”.

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