CFTC highlights record number of tip-offs stemming from the crypto industry

The Commodity Futures Trading Commission has disbursed $16 million in whistleblower awards this year, with most tip-offs pertaining to individuals in the crypto industry.

In a statement on Tuesday, CFTC Commissioner Christy Goldsmith Romero pointed out two whistleblowers alone garnered $15 million for information leading to successful enforcement cases.

While the CFTC didn’t specify the nature of those cases, Romero emphasized the key role whistleblowers play in helping the agency mitigate fraud and illegality, particularly in digital assets.

“The majority of the tips received this year involved crypto — an area that continues to have pervasive fraud and other illegality,”…

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