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Bitgo Provides $100 Million In Insurance For Digital Assets
Summary: According to thecryptoupdates.com, blockchain security and crypto asset BitGo provides $100 million in insurance for the loss or theft of cryptocurrency keys, which is provided free of charge to Bitgo users by Lloyd's of London. Bitgo will provide insurance for the business wallet or the assets of Bitgo Trust. In fact, insurance will cover third-party ...
According to thecryptoupdates.com, blockchain security and crypto asset BitGo provides $100 million in insurance for the loss or theft of cryptocurrency keys, which is provided free of charge to Bitgo users by Lloyd's of London. Bitgo will provide insurance for the business wallet or the assets of Bitgo Trust. In fact, insurance will cover third-party hackers, employees and outsiders stealing private keys and loss or damage to private keys.BitGo CEO Mike Belshe expressed his opinion on insurance, he said, "This is the most complete product in the industry."
