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Arch Insurance underwrites $150-million crypto crime policy

Posted On: Nov. 15, 2019 4:57 AM CST

France-based hardware wallet vendor Ledger SAS has secured a $150 million crime insurance policy for its institutional crypto asset custody service, Ethereum World News reports. U.S.-based Arch Insurance Group Inc. has underwritten the policy that insures all the crypto assets currently stored with Ledger Vault as well as against third-party theft of the master seed and insider theft.

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