{"id":135303,"date":"2024-08-11T11:00:20","date_gmt":"2024-08-11T08:00:20","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135303"},"modified":"2024-08-10T22:27:14","modified_gmt":"2024-08-10T19:27:14","slug":"cftc-awards-over-1-million-for-crypto-trading-whistleblower-tip","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cftc-awards-over-1-million-for-crypto-trading-whistleblower-tip\/","title":{"rendered":"CFTC Awards Over $1 Million for Crypto Trading Whistleblower Tip"},"content":{"rendered":"

Ian McGinley, the CFTC’s director of enforcement, revealed<\/a><\/strong> that most whistleblower tips last fiscal year were related to digital assets. He emphasized that addressing illegal activities in the digital asset sector is a top priority for the CFTC, noting that such cases made up nearly half of the agency’s workload in the past year.<\/p>\n

The CFTC\u2019s Whistleblower Program rewards individuals who provide information about violations of the Commodity Exchange Act (CEA) that result in successful enforcement actions with fines over $1 million.<\/p>\n

Whistleblowers receive between 10% and 30% of the penalties collected. Since its inception in 2014, the program has issued about $380 million to whistleblowers and has led to $3.2 billion in sanctions.<\/p>\n