Copper's insurance covers employee collusion, third-party theft and physical loss — and accompanies its existing Aon-brokered crime insurance policy.
The institutional-grade crypto infrastructure provider cites a growing demand for cold-storage solutions and offline protection from institutional-level industry and market participants as driving its insurance solution.
The insurance covers employee collusion, third-party theft and physical loss, according to a press release, and accompanies Copper's existing Aon-brokered crime insurance policy. The firm's announcement comes less than 24 hours after embattled crypto exchange FTX halted user withdrawals — freezing many customers' funds in the process and putting the topics of cold storage and offline custody toward the forefront of the discussion.
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