Bitcoin Exchange Coinbase Unveils $255 Million ‘Crypto Hot Wallet’ Insurance Policy Through Lloyd’s of London

Bitcoin Exchange Coinbase Unveils $255 Million ‘Crypto Hot Wallet’ Insurance Policy Through Lloyd’s of London

Coinbase has confirmed a $255-million insurance policy for its crypto holdings through Lloyd’s of London. The policy is expected to relieve customers, given the industry’s track record of exchange hacks, security breaches and vanishing assets – from Japan’s Coincheck to South Korea’s Bithumb to Canada’s QuadrigaCX debacle. Coinbase’s president of security, Phillip Martin, says the […]

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