Quote from: nomadic09 on December 12, 2018, 02:08:32 AM

Quote from: frcat on December 11, 2018, 03:43:11 AM

Quote from: Gemma_AmaZix on December 10, 2018, 11:18:03 AM

Hey GBX fans!

This is huge news, GBX Introduces New Crypto Insurance Policy with Callaghan Insurance, read about it here

https://gbx.gi/news/gbx-introduces-new-crypto-insurance-policy-callaghan-insurance/?utm_source=telegram&utm_medium=social

What is this the insurance company? They insured some exchanges already and what insured amount they covered?
Why you are not working with PAL Network? They making insurance for crypto product and this is looks like a good project with strong CEO

Here is the response from the team:

1. The insurance company is Callaghan Insurance.

2. As to the insured amount, we currently do not disclose the numbers due to security concerns. It is considered as highly confidential. We shall be releasing more details as and when needed. However, be rest assured that both the hot and cold wallets of GBX are fully covered.

3. We have been consistently working with industry-leading firms, and we are keeping our options open for discussions.

In future, if they manage to share how much they are going to be then definitely it will the community to follow the steps given by the GBX for insuring. This is one of the major implementations from the GBX team so that many people start using this facility.