Bitstamp Adds Crypto Crime Insurance for Assets Held Online
The new policy means user funds are protected both on- and offline.
A way to be covered in the event of an exchange hack.
DeFi insurer Cover Protocol, designed to reduce smart-contract failure risks, was exploited by a bug in its smart contract on Monday morning.
Aon has shaped insurance policies around cryptocurrency cold storage. Now it's eyeing the red-hot DeFi space.
Tidal will use the Polkadot blockchain to allow users to insure a set of DeFi applications against smart-contract failure or breaches.
The free insurance scheme covers customers for up to £1 million if the firm should ever become insolvent. But crypto holders are left out in the cold.