In an exercise worthy of Captain Obvious, the
CFPB is warning people that their Bitcoins are probably not safe from hackers:
“The CFPB advises consumers to be aware of potential issues with virtual currencies such as unclear costs, volatile exchange rates, the threat of hacking and scams, and that companies may not offer help or refunds for lost or stolen funds,” the government agency announced in an advisory on Monday . Consumers who’ve experienced problems with the virtual currency can also submit a complaint with the bureau, the CFPB said. “Virtual currencies are not backed by any government or central bank, and at this point consumers are stepping into the Wild West when they engage in the market,” it warned.
Well duh!
In an exercise worthy of Captain Obvious, the CFPB is warning people that their Bitcoins are probably not safe from hackers:
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