A certain trading platform has obtained $120 million in digital asset insurance, covering cold wallets and crime prevention.

On June 25, according to official news, a certain trading platform has provided $120 million in crime/species insurance coverage for the digital assets held by its compliance custodian. The insurance is coordinated by the international top insurance brokerage Aon and is backed by a premier underwriting consortium from Lloyd's of London.

It is reported that the insurance covers 100 million dollars of digital assets stored in cold wallets, against physical loss, theft, and damage. An additional 20 million dollars is allocated to prevent crimes and third-party theft, ensuring comprehensive protection for the custody business.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 6
  • Share
Comment
0/400
SeasonedInvestorvip
· 15h ago
Finally learned to be smart and provide a safety net for suckers in the crypto world.
Reply0
NeverPresentvip
· 06-25 14:15
Will the insurance definitely pay out?
Reply0
ZenZKPlayervip
· 06-25 14:13
Insurance is not as reliable as a Cold Wallet.
Reply0
SchrodingerWalletvip
· 06-25 14:13
Ah? Is there a deficit?
Reply0
PositionPhobiavip
· 06-25 14:06
Ah, the insurance is still not high enough.
Reply0
MemeCoinSavantvip
· 06-25 13:56
statistically speaking, bullish on insurance premiums rn tbh
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)