CFTC Awards Over $1 Million to Crypto Whistleblower

Aug 10, 2024, 04:49 PM

The Commodity Futures Trading Commission (CFTC) has awarded over $1 million to a whistleblower who provided critical information leading to a significant enforcement action in the digital assets sector. The whistleblower's input was deemed sufficiently specific and timely, distinguishing them from five other applicants. This award is part of the CFTC's broader efforts to regulate the cryptocurrency market, which constituted nearly 50% of the agency's cases last year.