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Crypto CasinosNewsCFTC Pays $16 Million to Whistleblowers, Majority Involving Cryptocurrency Fraud

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

Published at: 01.11.2023
Natasha Fernandez
Published by:Natasha Fernandez
CFTC Pays $16 Million to Whistleblowers, Majority Involving Cryptocurrency Fraud image

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.

Natasha Fernandez
Natasha Fernandez
Writer
Natasha "CryptoQueen" Fernandez bridges the gap between blockchain buzz and casino charisma. From New Zealand's serene landscapes to the volatile world of crypto, she's making waves in the online gaming sphere. With CryptoCasinoRank, she paints a future where chips meet chains seamlessly.More posts by author