It is good to know that the Canadian crypto exchange Shakepay has arrange a cryptoinsurance to cover loss of all its funds in cold storage from the risk of theft.
As usual, like all other reports on cryptoinsurance, this too lacks details. For instance, traditionally when insurance companies provide theft insurance they exclude from the insurance theft of funds by employees.
The reasons for that is that they consider theft by employees a much higher risk that requires separate underwriting and is provided to only selected clients on accommodation basis.
It is not clear from this Condesk report whether the cryptoinsurance provided to Shakepay covers theft by employees.
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