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This is all it would’ve taken. They got $40m+ deposits in under a year and couldn’t bother to cut some of their 100% profit gains to buy an insurance policy pro

by tjs8rj 4y ago

This is all it would’ve taken. They got $40m+ deposits in under a year and couldn’t bother to cut some of their 100% profit gains to buy an insurance policy protecting it. Pure greed

tornato7 4y ago
That’s not got it works. Nobody would write a reasonably priced insurance policy for UST.
- tjs8rj 4y ago
  I’ve shopped for similar insurance (high risk investment management E&O) and the annual premiums are a fraction of the 5% spread they were taking on $44m
- jl2718 4y ago
  InsurAce is on-chain insurance and they did pay out for Anchor policies.