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November 1, 2023

CFTC Pays $16 Million to Whistleblowers, Majority Involving Cryptocurrency Fraud

Liam O'Sullivan
Written byLiam O'SullivanWriter
Researched byNikos PapadopoulosResearcher

The Commodity Futures Trading Commission (CFTC) has paid out $16 million to whistleblowers this year, with the majority of the 1,530 tips received involving cryptocurrency. Commissioner Christy Goldsmith Romero stated that crypto continues to be an area with pervasive fraud and other illegal activities. The rise of cryptocurrency has led to more retail customers falling under the CFTC's jurisdiction, making the efforts of the CFTC's Whistleblower Program and the Office of Customer Education and Outreach even more crucial.

CFTC Pays $16 Million to Whistleblowers, Majority Involving Cryptocurrency Fraud
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Liam O'Sullivan
Liam O'Sullivan
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Liam O'Sullivan, an Irish digital maestro, seamlessly fuses his impeccable command of English with an enthusiastic penchant for online gaming. Highly regarded for his localization expertise, Liam fine-tunes online casino guides, ensuring they resonate profoundly with the diverse English-speaking populace.

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