A certain trading platform has obtained $120 million in digital asset insurance, covering cold wallets and crime prevention.

On June 25, according to official news, a certain trading platform has provided $120 million in crime/species insurance coverage for the digital assets held by its compliance custodian. The insurance is coordinated by the international top insurance brokerage Aon and is backed by a premier underwriting consortium from Lloyd’s of London.

It is reported that the insurance covers 100 million dollars of digital assets stored in cold wallets, against physical loss, theft, and damage. An additional 20 million dollars is allocated to prevent crimes and third-party theft, ensuring comprehensive protection for the custody business.

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