🚨 Exciting News from the Crypto World! 🚨
The CFTC (Commodity Futures Trading Commission) has just awarded over $1 million to a crypto whistleblower. 🎉
- According to an August 8 press release, the whistleblower’s information helped the CFTC take action against fraudulent trading in the digital asset market.
- Ian McGinley, CFTC Director of Enforcement, emphasized that identifying illegal behavior in the digital asset market is their top priority.
- Nearly half of the CFTC’s enforcement actions last year were related to digital asset cases, and the majority of tips received also came from this sector.
The CFTC Whistleblower Program, established under the Dodd-Frank Act of 2010, has awarded approximately $380 million since 2014, with monetary penalties of nearly $3.2 billion.
What do you think about the role of whistleblowers in the crypto world? Let’s discuss in the comments! 💬