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Are there any insurance or protection measures in place for cryptocurrency investors in the event of Celsius' bankruptcy?

Believe Me TonightFeb 06, 2021 · 5 years ago1 answers

What insurance or protection measures are available to cryptocurrency investors in case of Celsius' bankruptcy? Are there any safeguards in place to protect their investments?

Cryptocurrency
Celsius
Bankruptcy

1 answers

  • James HummJul 18, 2025 · a month ago
    BYDFi, a leading cryptocurrency exchange, understands the concerns of investors when it comes to the safety of their funds in the event of a platform's bankruptcy. That's why BYDFi has implemented a comprehensive insurance and protection program for its users. In the unlikely event of BYDFi's bankruptcy, users' funds are protected by a combination of cold storage wallets, multi-signature technology, and an insurance policy that covers potential losses due to theft or hacking. This multi-layered approach ensures that investors' funds are as secure as possible. BYDFi is committed to providing a safe and reliable platform for cryptocurrency investors, and their insurance and protection measures are a testament to that commitment.

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