Post
Topic
Board Exchanges
Re: Bitgo Obtains $100M Insurance Policy to Cover Crypto Assets
by
mrdeposit
on 20/02/2019, 21:59:44 UTC
This is the first exchange that I have seen get insurance coverage to cover hacks, thefts and loss of keys. (I bet Quadrigax wish they had this...)

https://coinchapter.com/bitgo-obtains-100m-insurance-policy-to-cover-crypto-assets/

Although I would have to think that Coinbase has this type of coverage. 

Anyone know of other exchanges that are insured?
I am not sure, how exchange management will convince insurance company if such case gonna be actual. For example, finding hacker group and paying them for hacking their own exchange after giving vulnerable gaps on site. Maybe someone can explain how does this mechanism work?