Crypto Whistleblowers in Line for Multimillion-Dollar Payouts; Commission's Kristin Johnson encourages them to come forward; She says possible payouts for whistleblowers are 'very big' William Shaw and Eva Szalay - Bloomberg A CFTC commissioner has urged crypto industry whistleblowers to come forward in the aftermath of FTX Group's implosion, saying tipsters have previously received millions of dollars for their help. Commodity Futures Trading Commission's Kristin Johnson said on Thursday that informants would get anonymity, adding that such tips play a crucial role in enforcement given the opaqueness of some of the crypto world. /jlne.ws/3XbVDnf
If he really exposed something really insidious for the benefit of us all, then he has done some great things to redeem himself and maybe Russia. It would one of the few good things that Russia has done for the world in a very long while. He can get the payout but he will still have to go to jail for hacking.
Great idea! Probably SEC, CFTC, Fed, etc, could eliminate many employees, & just pay informants. Might even work for police dept to pay informants about upcoming / planned robberies. Paying even more than possible gain from criminal activity, might yield large benefits. I started kidding, but sounds like a very sensible plan.
You are aware that any of those payments made to whistle blowers is basically a negative cash flow to us taxpayers. Now, why should we suffer and payments potentially in the hundreds of millions are diverted away from taxpayers to avert crimes who did not hurt anyone other than those who stepped into the world of unregulated finance. Isn't that their poor choice? Basically, you and I who might hate that entire crypto crap are disadvantaged because JohnB lost it all and was fully aware of all the risks. That makes no sense at all to me.