Home Cryptocurrency Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re

Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re

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“The policy covers external cyber threats and attacks that would compromise the platform, as well as internal fraud or employee collusion,” Schwartz said in an interview. “[Munich Re] is not involved at the smart contract level, but is getting involved with the most active players in DeFi, starting with a framework that they are comfortable with, i.e. the security of the private keys and the wallet components.”

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