According to Odaily Planet Daily, the U.S. Commodity Futures Trading Commission (CFTC) announced on August 8 that it had paid a $1 million reward to a whistleblower for providing clues that led to enforcement actions in the digital asset market.
In the past fiscal year, digital asset cases accounted for almost half of the CFTC's caseload, and most of the whistleblower tips were related to digital assets. Brian Young, head of the CFTC's whistleblower office, said the agency is increasingly relying on whistleblower tips to conduct digital asset enforcement actions.
According to the CFTC, whistleblowers can receive rewards ranging from 10% to 30% of the monetary sanctions collected, which are funded entirely from the agency’s Customer Protection Fund. The CFTC also awards rewards related to enforcement actions by other regulators, domestic or foreign, if certain conditions are met.