Tag: cryptocurrency theft

Capital and Risk, Insurance

Crypto Exchange Binance Builds $1B Insurance Fund After Industry’s Recent Hacks

January 31, 2022

Via: Insurance Journal

Binance Holdings Ltd. has built up a $1 billion insurance fund for its users amid a barrage of hacks on cryptocurrency trading platforms, according to a memo. Binance, the world’s largest crypto exchange by trading volume, has been earmarking money […]

Activity, Insurance

Lloyd’s Launches Cryptocurrency Wallet Insurance Policy

March 2, 2020

Via: Insurance Journal

Lloyd’s has launched a insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. The first of its kind liability policy, with flexible limits from as little as £1,000 (US$1,281), was created by Lloyd’s syndicate […]