'Tether does not have any exposure to FTX or Alameda,' Ardoino tweeted, adding: '0. Null. Maybe is time to look elsewhere. Sorry guys. Try again.'
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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