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The publication and delivery of the information contained within our website is not intended as a direct solicitation for the purchase of insurance coverage. The co-founder and CEO crypo insurer Relm has said that the firm has allocated an undisclosed amount fold crypto price its general reserve for claims arising from the implosion of crypto exchange FTX.
It was only in April that Relm launched its reinsurance business that accepted both fiat and crypto as collateral. We also provide insurance coverage to fold crypto price that have been compromised due to their relationship with FTX and Alameda and we are actively assessing the extent to which our coverage could be triggered.
Following a detailed review of our entire portfolio, we remain confident that we will continue to be well-capitalised to fold crypto price Г froid crypto stockage needs of the industry as the fallout from this event evolves. Our commitment to the support and rebuilding of this sector during and following this trying time remains unwavering.
The FTX story is still developing but the firm filed for bankruptcy on November 11th,fold crypto price the US court see more following a liquidity crisis. The failure of Bahamas-based cryptocurrency exchange в launched in by Sam Bankman-Fried в is likely to result in years of litigation in fld jurisdictions and major losses for both shareholders and customers.
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