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The U.S. Consumer Financial Protection Bureau (CFPB) is reportedly proposing a refund requirement for digital assets following a slew of crypto hacks. According to a new report by The Financial Times, the CFPB – which aims to protect consumers from unfair financial practices by institutions – is proposing a new rule that would mandate crypto firms refund money stolen from customers via exploits or hacks. The report says that by proposing this new rule, the CFPB is extending the same protections traditional bank accounts have to the crypto wallets of crypto users. If the rule is accepted, it would change the definition of “funds” to include any asset used to make payments and would force crypto wallet providers to compensate users if their funds are stolen. Previously, data from market intelligence platform Chainalysis found that in 2024, crypto platforms lost a staggering $2.2 billion from hacks in 2024, a 20% increase from the previous year. Chainalysis also found that exploits significantly slowed down in the second half of 2024. However, the firm also found that in 2024, North Korean hackers stole more digital assets than ever before. According to the data, North Korean hackers stole $1.34 billion worth of crypto assets in 2024 while in 2023, they stole $660 million. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Consumer Financial Protection Bureau Proposes Refund Requirements Following Crypto Hacks: Report appeared first on The Daily Hodl .
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Regulators Scams, Hacks & Breaches CFPB Consumer Financial Protection Bureau Crypto crypto wallets hackers News North Korea regulations regulators
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Elon Invades UK (ELONUK) Solana Memecoin to Surge 14,000% Ahead of Exchange Listing, as DOGE and WIF Fall
Elon Invades UK could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Elon Invades UK (ELONUK), a new Solana memecoin that was launched today, is set to explode over 14,000% in price in the coming days. This is because ELONUK is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Elon Invades UK can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Elon Invades UK could become the next viral memecoin. Elon Invades UK launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Elon Invades UK on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Elon Invades UK by entering its contract address – JA5sb997xcRGZ9SBaPPUQ58S29Uqic2DEe14fUBjcW3d – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance, and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF), trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like ELONUK. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. The Daily Hodl
Crypto’s Wild Week: $190B Wiped Out as Markets Stage a Fragile Comeback
Over the past week, the cryptocurrency market has faced a decline, shedding $190 billion since Jan. 4. However, by Friday, as the weekend nears, the market exhibited a modest recovery, posting a 2.2% gain over the preceding 24 hours. FAI and AIXBT Rocket While Crypto Economy Battles a Setback The past week has been turbulent The Daily Hodl
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