New Rule Could Force Crypto Firms to Reimburse Hack Victims
CFPB proposes refunds for crypto theft, extending protection to digital assets like stablecoins. 2024 saw $2.2 billion in crypto thefts, with North Korean hackers responsible for most losses. CFPB expands “funds” definition, applying traditional consumer protections to digital assets. The U.S. Consumer Financial Protection Bureau (CFPB) has put forth a proposal that would require crypto…