{"id":86477,"date":"2023-11-01T17:36:43","date_gmt":"2023-11-01T15:36:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86477"},"modified":"2025-09-13T05:52:26","modified_gmt":"2025-09-13T02:52:26","slug":"cftc-has-paid-15-million-to-informants-in-the-crypto-industry-since-the-start-of-the-year","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cftc-has-paid-15-million-to-informants-in-the-crypto-industry-since-the-start-of-the-year\/","title":{"rendered":"CFTC has paid $15 million to informants in the crypto industry since the start of the year"},"content":{"rendered":"<p>Payouts of $15 million by the <span data-descr=\"U.S. Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span> to two informants in the digital-asset industry <a href=\"https:\/\/www.cftc.gov\/PressRoom\/PressReleases\/8777-23\">allowed<\/a> the agency to initiate and successfully conclude a number of enforcement actions.<\/p>\n<p>Details are not disclosed in the press release.<\/p>\n<p>According to CFTC Commissioner Christy Goldsmith Romero, the crypto industry <a href=\"https:\/\/www.cftc.gov\/PressRoom\/SpeechesTestimony\/romerostatement103123\">remains<\/a> \u201ca sector where fraud and other illegal activities are still widespread.\u201d<\/p>\n<p>The official noted the role of informants, without whom the agency could not \u201cfully protect\u201d clients and markets. She also commended the department&#8217;s efforts in education and customer outreach, which teach how to identify, avoid, and report cryptocurrency fraud.<\/p>\n<p>Since 2014, under the CFTC whistleblower program, the agency has paid out $350 million, which, as a result of enforcement actions, helped return more than $3 billion to the budget.<\/p>\n<p>Earlier, Romero urged addressing <a href=\"https:\/\/forklog.com\/en\/news\/cftc-urges-crackdown-on-the-allure-of-anonymity-in-cryptocurrencies\">the problem of cryptocurrency anonymity<\/a>, which makes them attractive for illicit financing.<\/p>\n<p>In July, the CFTC <a href=\"https:\/\/forklog.com\/en\/news\/cftc-fines-bitcoin-exchange-digitex-15-million\">fined<\/a> the Bitcoin exchange Digitex and its CEO Adam Todd $15 million for fraud and unlicensed activity.<\/p>\n<p>Later, the head of the agency Rostin Behnam said that the agency <a href=\"https:\/\/forklog.com\/en\/news\/cftc-seeks-expanded-powers-to-oversee-cryptocurrencies\">needs the powers<\/a> to establish forward-looking fraud-prevention rules for the cryptocurrency market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payouts of $15 million by the CFTC to two informants in the digital-asset industry allowed the agency to initiate and successfully conclude a number of enforcement actions.<\/p>\n","protected":false},"author":1,"featured_media":86478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[879,36],"class_list":["post-86477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cftc","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86477"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86477\/revisions"}],"predecessor-version":[{"id":86479,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86477\/revisions\/86479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86478"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}