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What happened to crypto exchanges after FTX collapse?

Crypto exchanges, lending platforms and token issuers quickly became top priorities for the Securities and Exchange Commission, with a flurry of enforcement activity following the collapse of FTX.

Why is the crypto insurance market so risk-adverse?

However, due to the recent collapse of crypto exchange FTX Trading Ltd. ("FTX"), the limited market regulation overseeing cryptocurrency and the volatile prices of digital assets, the insurance market, which has, to date, been reluctant to underwrite broad protection policies for crypto companies and assets, was even more risk-adverse.

How many cryptoassets are insured?

In fact, a mere 2-3% of global cryptoassets are believed to be insured, according to a release put out by Evertas, a crypto insurance company, "Cryptoasset insurer Evertas gains new policy writing capacity in Canada," June 22, 2022.

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