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CFTC Awards $16M to U.S. Whistleblowers; Most Tips Were Crypto-Related
Crypto continues to have pervasive fraud and other illegality, Commissioner Christy Goldsmith Romero said.
Updated Nov 1, 2023, 4:11 p.m. Published Nov 1, 2023, 10:28 a.m.
The Commodity Futures Trading Commission (CFTC), which regulates derivatives markets in the U.S., has paid out $16 million to whistleblowers this year, and most of the 1,530 tips involved crypto, Commissioner Christy Goldsmith Romero said on Tuesday.
"The majority of the tips received this year involved crypto – an area that continues to have pervasive fraud and other illegality," Romero said in a statement published on the CFTC website. "With the rise of crypto, more retail customers have come under the CFTC’s jurisdiction, making even more critical the efforts of the CFTC’s Whistleblower Program and the Office of Customer Education and Outreach."
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Whistleblowers help identify fraud and other illegality as well as interpret evidence, Romero said. "The faster we can stop fraud, the more we can protect customers from harm."
This year's payouts included "more than $15 million to two whistleblowers who provided significant information and assistance that led the CFTC to bring separate successful enforcement cases," Goldsmith Romero said.
Cumulatively the CFTC has handed out $350 million to whistleblowers, leading to more than $3 billion ordered in enforcement sanctions, she said.
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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CFTC's acting chief Pham poised to go to crypto firm MoonPay once Mike Selig lands
The leader of the derivatives regulator is planning to join the crypto industry as the CFTC and other federal regulators work on policies to benefit the sector.
Bilinmesi gerekenler:
- Commodity Futures Trading Commission Acting Chairman Caroline Pham confirmed again that she's heading to crypto firm MoonPay when the Senate confirms her replacement and he's sworn in.
- President Donald Trump's CFTC chair nominee Mike Selig was set for a Senate vote Wednesday evening, according to that chamber's schedule.
- Selig, currently an SEC official, would arrive at the CFTC just as several of Pham's crypto initiatives have gone live.
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