Gizmodo
Insurers After $6.3 Billion Crypto Heist: D’oh!
Crypto insurers will likely tighten wording and security reviews and may add exclusions after the Binance hack, Reuters reported.
By Gizmodo
Excerpt shared by Lazyfounder
·Excerpt
“Industry insiders and experts” told Reuters that underwriters are expected to investigate whether crypto clients are vulnerable to cyber heists such as the suspected North Korean operation that made off with $6.3 billion from global exchange Binance last week.
Jacqueline Quintal, financial institutions and digital asset industry leader at insurance broker Marsh, told the agency she wouldn’t want to be the…
Courtesy
This story was originally published by Gizmodo. All rights belong to the original publisher.
Read the original on gizmodo.com ↗