CFTC Risks Running Out of Money to Pay Whistleblowers Their Cut
- $17 billion in penalties could result in seven-figure awards
- Fund could run dry without fresh structural fix from Congress
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The US derivatives market watchdog had a record $17.1 billion year cracking down on alleged fraudsters and market manipulators but could now become a victim of its own success as it looks to reward those who helped.
Banner penalties tied to enforcement actions against Binance and FTX and could result in big-time payouts to those who tipped off the Commodity Futures Trading Commission’s whistleblower program. But any payments get delivered only if the fund doesn’t run out.