US Commodities Regulator Pays $16 Million to Whistleblowers, Majority of Tips Involve Crypto
The US Commodity Futures Trading Commission (CFTC) has paid out $16m to whistleblowers this year, with the majority of tips relating to cryptocurrency. CFTC commissioner Christy Goldsmith Romero said that crypto continues to have "pervasive fraud and other illegality". Two whistleblowers received $15m for information that led to successful enforcement cases, but the regulator did not reveal the nature of those cases. Since the programme began in 2014, the CFTC has paid out almost $350m, leading to over $3bn in enforcement sanctions ordered in cases tipped off by whistleblowers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sui to launch Bitcoin staking
Avalanche launches Avalanche9000 testnet, its largest upgrade to date
Ether gains momentum as capital shifts from bitcoin and derivatives activity increases
Capital flows are shifting from bitcoin to ether, with derivatives market activity signaling growing confidence in ether’s near-term upside, analysts said.Ether has surged over 6% while in the past 24 hours, while bitcoin saw a slight decline, as open interest and demand for call options hit record highs for the second-largest cryptocurrency by market cap.
Trending news
MoreCrypto prices
More
