Crypto.com provides $120 million insurance for its compliant custody institutions

ChainCatcher news, according to FinanceFeeds, official sources report that Crypto.com has provided its compliant custody institution with $120 million in crime/species insurance coverage. This insurance is coordinated by the international top insurance brokerage Aon and is backed by a leading underwriting syndicate from Lloyd's of London.

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