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Ledger Vault Acquires Cryptocurrency Related Crime Insurance Program

Janelle Fox

Summary: the custody arm of hardware wallet manufacturer Ledger, Ledger Vault, has acquired a crime insurance policy built by broker and risk advisory firm Marsh and insurance company Arch Insurance Limited. Ledger Vault’s platform will now provide users with a customized cryptocurrency related crime insurance program for up to $150 million. This insurance program pertains to ...

the custody arm of hardware wallet manufacturer Ledger, Ledger Vault, has acquired a crime insurance policy built by broker and risk advisory firm Marsh and insurance company Arch Insurance Limited.

Ledger Vault’s platform will now provide users with a customized cryptocurrency related crime insurance program for up to $150 million. This insurance program pertains to third-party theft of the master seed and private keys, insider Ledger employee theft caused by collusion and safe transmissions of the master seed fragments.

By Janelle Fox

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