Insurers limited risk coverage for crypto firms after FTX coll | ERC20 Official Crypto channel

Insurers limited risk coverage for crypto firms after FTX collapse

Insurance companies are refusing to cooperate or reducing coverage to customers who have interacted with the FTX exchange going through bankruptcy. Reuters writes about it.

Fears of “infection” of crypto firms further weakened interest in working in the sector. Previously, this was not facilitated by the high volatility of digital assets and regulatory uncertainty.