Million

<a href="https://bitcoinworld.co.in/cftc-pays-1-million-to-whistleblower-in-digital-asset-case/" title="CFTC Pays $1 Million To Whistleblower In Digital Asset Case" rel="nofollow"></a>
The Commodity Futures Trading Commission (CFTC) paid a $1 million whistleblower award for information leading to an enforcement action in digital asset markets.&nbsp; 
<a href="https://www.cftc.gov/">CFTC</a> Enforcement Director Ian McGinley said whistleblower tips are increasingly crucial as more Americans fall victim to digital asset scams. 
<h3 id="span-style-font-weight-400-digital-asset-cases-dominate-cftc-docket-span">Digital Asset Cases Dominate CFTC Docket</h3> 
The Commodity Futures Trading Commission (CFTC) announced on Aug. 8 that it had paid a $1 million whistleblower award for information leading to an enforcement action in digital asset markets. The regulator said the tipster provided previously unknown details about improper trading. 
Consistent with the Commodity Exchange Act (CEA), the CFTC did not disclose the whistleblower’s identity, the specific enforcement action, or the exact award amount. CFTC Enforcement Director Ian McGinley praised whistleblowers, saying their information is crucial as more Americans fall victim to digital asset scams. To back this assertion, McGinley said: 
“During the last fiscal year, digital asset cases accounted for almost 50% of the CFTC’s docket, and the majority of whistleblower tips that year were related to digital assets.” 
Meanwhile, CFTC Whistleblower Office Director Brian Young said the agency increasingly relies on whistleblower tips for digital asset enforcement actions.&nbsp; 
Referring to the $1 million award case, Young said the whistleblower provided “sufficiently specific and credible information” to support the CFTC’s case. 
The CFTC said whistleblowers can receive 10% to 30% of monetary sanctions collected. These funds come entirely from the agency’s Customer Protection Fund.&nbsp; 
According to a statement, the CFTC issues awards related to enforcement actions by other domestic or foreign regulators if certain conditions are met. 
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CFTC Pays $1 Million To Whistleblower In Digital Asset Case

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