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Insurance For Crypto Exchange
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[QUOTE="sincerem, post: 215912, member: 25228"] [FONT=Courier New][B]Cryptocurrency insurance policy is a tremendous one, one which every crypto exchanges, wallets should embrace, in order to cut down the risk of losing it. I understand that their security this days in most well-known exchanges are more tighter, robust, it isn't easy like before when malicious hackers normally attack it freely. Nowadays, I never really heard about a well-known exchange losing it all, not that, scam or malicious hackers have stopped working. They're on massive progress of work, trying to down each and every crypto exchange in order to get away with their huge sum of cryptos which many belongs to investors. It is a risk for insurance companies to insure exchanges on their side range of insurance list, but it is a wide step, because the system of most exchanges aren't easily compromised, even if they're compromised hackers don't get away with all funds, they take some and leave some. Meaning, the insurance company who insured such hacked exchange sure wouldn't run at full loss of covering for the losses of the exchange sure which is hacked. It is a gain too for them when an exchange never experienced heck for a very long time, that's a plus for them. [/B][/FONT] [/QUOTE]
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