Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re

“The method covers external cyber threats and attacks that would compromise the platform, as well as internal fraud or hand collusion,” Schwartz said in an interview. “[Munich Re] is not involved at the smart contract level, but is getting involved with the most dynamic players in DeFi, starting with a framework that they are comfortable with, i.e. the security of the private keys and the billfold components.”