Bittrex Takes Out Record $300M Insurance on Crypto Held in Cold Storage
The insurance was underwritten by Arch Syndicate 2012, which provides specialized insurance for corporations.
BitGo customers can now boost their insurance limits beyond $100 million to cover the loss or destruction of crypto stored in special vaults.
The UK insurance giant is underwriting a new policy protecting against theft of cryptocurrency held in online hot wallets.
Coincover is now providing automatic deposit guarantee on all new signups for Civic's hot wallet.
Nexus Mutual members voted to pay out two claims following the bZx flash loan attacks – a first for the DeFi insurance pioneer.
Blockchain tech is reported to be speeding insurance claims processing amid the coronavirus outbreak.