A long road lies ahead to repair <-bsp-bb-link state="{"bbDocId":"RNPOC5T1UM0W","_id":"00000186-bbc2-dd6f-adaf-fbd2dc490000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">confidence in crypto after unprecedented bankruptcies and hacks, including the major challenge of giving investors a way of insuring against such events.
Stock brokerage accounts often come with some cover against outcomes like bankruptcy but digital-asset platforms provide <-bsp-bb-link state="{"bbDocId":"RGVLMZDWLU68","_id":"00000186-bbc2-dd6f-adaf-fbd2dc4a0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">few if any shields, a reality underlined by the November collapse of <-bsp-person state="{"_id":"00000186-bbc2-dd6f-adaf-fbd2dc4a0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Sam Bankman-Fried’s FTX exchange.
Investors seeking such policies face a tough task. Traditional insurers are wary and crypto-native solutions in decentralized finance — or DeFi — account for a fraction of the $1.1 trillion digital-asset sector. For instance, funds locked in DeFi ...
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