Cryptocurrencies associated with Sam Bankman-Fried have fared particularly badly in the last 24 hours. FTT, Solana and Serum are down 35-75%.
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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