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I read the piece, and the original post but I'm still left wondering what the terms actually are. Do you have any of the specifics of the coverage? In what scenarios does it pay out? What scenarios does it not pay out? How is the reader/user supposed to be able to judge value?

Ian Allison

@IanAllison123

Hi Jesse, I would suggest taking to Aon

Thank you for the suggestion. Here's a story idea for you:

@coindesk

reporter does some investigative journalism and actually checks out a story, gets critical details important to readers, left out of original adapted PR fluff piece.

Ian Allison

@IanAllison123

9:19 PM · Apr 2, 2019Twitter Web Client

Thanks for that. I’m no expert on insurance but from speaking to people, the absence of significant claims history means the insurance industry can’t give you straight answers to those questions

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But the insured certainly can, right? They're marketing this product which they paid for so they must be able to get specific.

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Yep it’s a good subject to dig into, and remiss of me not to find concrete specific details as you say. So, would you like to start?

Apr 3, 2019

Kraken doesn't have any insurance on crypto. So, we'd have to cover losses from the balance sheet (basically, self-insurance). I'm very skeptical of the value of 3rd party insurance anyone claims to have because in our investigation, they don't protect against real crypto threats

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Jesse, Could you chat for 5 mins about the points you raise in this thread. Cheers