Why is their insurance only for $775m if they have $12B+ in assets under management (AUM)?

(Previously $375m, now $775m)
They don’t keep the all of their assets in the one wallet.

Their custodian, BitGo, keeps funds in many smaller wallets – the likelihood of all those wallets being hacked at the same time is something approaching zero.

August 21, 2022
Was this article helpful?

Leave a Reply

Your email address will not be published. Required fields are marked *