[bnchrch]

You would hope they have good security practises + purchase insurance.

But I have a feeling like it will take an incident like the one you describe to happen first before that becomes mandatory.

[xwolfi]

When Cathie Wood was asked by Bloomberg, she called 21Shares staff who replied they have cold wallets. She didnt reply "oh ofc we're insured"... 21Shares staff didnt either...

Expect a shitstorm in case of hack (or lost keys) with these clowns.