U S Consumer Finance Protection Bureau news and trends

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CFPB: Frauds and Scams Make up 40% of Crypto Complaints

November 10, 2022
They call it “pig butchering.” A scammer spends time getting their victim’s confidence and trust to convince them to set up cryptocurrency accounts in an effort to eventually steal their assets. And as the U.S. Consumer Finance Protection Bureau said Thursday (Nov. 10), it’s one of the more notable forms of scams affecting cryptocurrency users. […]