US CFTC pays $1 million reward to digital asset whistleblower
Odaily2024/08/11 06:31
By:Odaily
Odaily News The U.S. Commodity
Futures Trading Commission (CFTC) announced on August 8 that it had paid a $1 million bounty to a whistleblower for providing tips that led to enforcement actions in the digital asset
market. In the past fiscal year, digital asset cases accounted for almost half of the CFTCs caseload, and most of the tips were related to digital assets. Brian Young, head of the CFTCs whistleblower office, said the agency is increasingly relying on tips from whistleblowers to conduct digital asset enforcement actions. The whistleblower provided sufficiently specific and credible information that supported the CFTCs case. According to the CFTC, whistleblowers can receive a bounty of 10% to 30% of the monetary sanctions collected, which is entirely drawn from the agencys Customer Protection Fund. If certain conditions are met, the CFTC also awards bounties related to enforcement actions by other domestic or foreign regulators. (
bitcoin.news)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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