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

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.