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

On June 25th, according to official sources, (Crypto. com) has provided $120 million worth of crime/species insurance coverage for digital assets held by its compliance custodian (Crypto. com) Custody Trust Company. This insurance is coordinated by Aon, a top international insurance brokerage company, and provided with a protection plan by the top underwriting alliance of Lloyd's of London. It is reported that the insurance covers $100 million in digital assets stored in a cold wallet to prevent physical loss, theft, and damage. Another $20 million will be used to prevent crime and third-party theft, ensuring comprehensive protection for the custody business.