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I wonder what your statement would be if a hacker compromised the hot wallet and drained all of the funds?
by nanidin 5y ago
I wonder what your statement would be if a hacker compromised the hot wallet and drained all of the funds?
- snarf21 5y agoI would expect them to have insurance against theft like everywhere else I store money.
- nanidin 5y agoHmm. I would expect them to have layers of security, with one of those layers being funds in a cold wallet with serious access control around it. If I were asked to insure them, the premiums and coverage would hinge on security layers and mitigations in place to prevent loss. I don't think it's unreasonable to have funds in a cold wallet.