Cyberfinance knows (almost) no national borders. This also applies to cybercrime and scams. Law enforcement agencies, regulators, and courts can only work within their own jurisdictions. Coordination across national borders is difficult and often impossible. There is a need for private initiatives like FinTelegram, which collect information from whistleblowers across national borders, evaluate it and forward it to the relevant authorities if necessary. This is why we created Whistle42, a reward-based whistleblower platform using the F42 token as a reward for information and contributions.
Whistleblowers are certainly the most important weapon in the fight against cybercrime. U.S. regulators such as the U.S. Securities Commission (SEC) and the U.S. Commodities and Futures Commission (CFTC) know this and maintain whistleblower programs that pay generous rewards for pertinent tips.
The Whistleblower Evolution
Since its inception in 2018, FinTelegram has been working closely with whistleblowers and developed a respective community. Whistle42 (www.whistle42.com) is the next step in the evolution of this whistleblower platform and community. The Whistle42 platform is operated by its subsidiary FinTel Watchdog Limited, registered in the United Kingdom.
New: Public discussions
The Whistle42 platform not only offers rewards for information and contributions but also offers forums to enable moderated discussions with our whistleblower community.
New: Earning FinTelegram ownership
Whistleblowers are the driving force behind FinTelegram. Therefore, it is only fair to give whistleblowers a stake in FinTelegram’s success and give them a say. To do this, we need to take the company public. Starting with July 2021, Whistle42 rewards participating whistleblowers with F42 tokens, which are the tokenized shares of FinTelegram.
Financial Intelligence Technology
In its very essence, FinTelegram is an information technology company focused on financial intelligence services. It collects and analyzes data provided by whistleblowers and other sources and deploys technologies to transfer data into financial intelligence. In the future, FinTelegram plans to work with artificial intelligence (AI) to enhance its intelligence services and improve investor protection in the cyberfinance era.