[SHARE]Korea Insurance Companies Provide Hacker Damage Insurance Services for Cryptocurrency Exchanges

Hanwha insurance, a major south Korean insurance company, will launch a new online insurance product this month aimed at compensating domestic cryptocurrency exchanges for losses from hacking attacks, south Korean media reported this week.
Hanwha said it "plans to begin insurance negotiations with various exchanges next month."However, it added, " even if the exchange wants to insure, it needs to be coordinated by multiple parties, as insurers and reinsurers need to negotiate to make the insurance effective."

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