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RE: BitFinex Covered by Insurance, Announcement Today and Light at the End of the Tunnel.

in #investment • 9 years ago (edited)

Good question. I don't believe most exchanges are "insurable". Finex is using BitGo as a third party so they are insured as an enterprise client. Sounds like a good workaround to get your customers insured but in this case it also led to their loss / hack.

Catch 22.

Exchanges should carry insurance though, it would add legitimacy to this space.

9 years ago in #investment by
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