CFTC expands digital asset cases to 50% by 2023

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Digital assets were the target of about half of the fiscal year 2023 reports reviewed by the U.S. Commodity Futures Trading Commission (CFTC).

The CFTC’s efforts have been particularly effective in the crypto industry, where most financial fraud in 2023 involved cryptocurrency fraud. The committee highlights the most common types of cryptocurrency scams that investors should be aware of.

The document According to the report, the CFTC filed 96 cases during the year, 47 of which were related to digital assets. In particular, the Commission filed lawsuits against FTX, Binance and Celsius exchanges and their founders.

“I am proud of the Division of Enforcement’s groundbreaking work in the digital asset space, which has resulted in record case numbers, and of the staff’s commitment to holding registrants and market participants accountable for their conduct in CFTC-regulated markets.”

Chairman Rustin Benham

The CFTC also said that in 2023 it had “cemented its reputation as the leading digital asset enforcement agency” as only 18 cases were filed in this area last year.

Enforcement Director Ian McGinley said the Commission’s 2023 results validate the CFTC’s continued commitment to accountability, customer protection and market integrity.

The CFTC previously claimed that it paid out $16 million to 1,530 successful whistleblowers in 2023. Most reports involved cryptocurrency market participants. This is the highest number in the entire history of the department.

The regulator launched a whistleblower funding scheme in 2014. The CFTC allocated $350 million to it. According to the agency, the information received resulted in the seizure of assets worth more than $3 billion.


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