CFTC: ‘Majority’ of FY23 whistleblower cases related to crypto fraud
By 
Aaron Nicodemus2023-11-03T09:39:00
Most of the whistleblower tips received by the Commodity Futures Trading Commission (CFTC) in fiscal year 2023 related to fraud and misappropriation of crypto/digital assets.
The CFTC paid approximately $16 million to seven whistleblowers in FY23, which ended Sept. 30, according to the agency’s annual report to Congress on its whistleblower program. Of that figure, approximately $15 million was awarded to one of two whistleblowers in September. The other received about $300,000.
The agency received 1,530 whistleblower tips during FY23, slightly more than FY22 (1,506 tips) and roughly 50 percent more than it received in FY21 and FY20.
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