Binance is topping up an emergency fund designed to protect users amid pronounced volatility in crypto markets triggered by the drama surrounding its dispute with, and subsequent acquisition of FTX.
Copper's insurance covers employee collusion, third-party theft and physical loss — and accompanies its existing Aon-brokered crime insurance policy.
Lawmakers on both sides of the aisle have signaled they want to pass new laws to regulate digital assets, particularly after this summer’s market crash. Tuesday’s rapid collapse and preliminary sale of FTX also figures to influence that debate.
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