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ARTICLE · 23 JANUARY 2023

Insurers Beware Of "Silent Crypto" Exposure: PART IV: Crime And Custody Coverage For Crypto Assets

Wilson Elser Moskowitz Edelman & Dicker LLP
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The recent implosion of crypto firm FTX and its affiliates provides a case study for potential crypto exposure under traditional insurance policies in this series of four articles...

United StatesTechnology

The recent implosion of crypto firm FTX and its affiliates provides a case study for potential crypto exposure under traditional insurance policies in this series of four articles: Silent Crypto for D&O and Corporate Liability Insurance (Part I), Silent Crypto Exposure for Accountants (Part II), Silent Crypto Exposure for Lawyers (Part III), and Crime and Custody Coverage for Crypto Assets (Part IV).

Crime and Custody Coverage for Crypto Assets

Dollars are fungible with each other. And so it's not like there's this $1 bill over here that you can trace through from start to finish. What you get is more just omnibus, you know, pots of assets of various forms.

– Sam Bankman-Fried1

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