Reported by: Vincent Ryan

The Securities and Exchange Commission received 12,322 whistleblower tips in fiscal year 2022 — the most ever and a slight increase from 2021, according to its annual report to Congress.

But allegations of cryptocurrency fraud continue to grow, from 289 in 2019, to 369 in 2020, 762 in 2021, and 1,718 in 2022. The SEC’s division of enforcement said in May 2022 that it had added 20 positions to its Crypto Assets and Cyber Unit.

Read full report: https://www.cfo.com/risk-compliance/fraud/2022/11/whistleblower-sec-tips-crypto-fraud-securities-laws-enforcement/