[socillion]

http://www.reddit.com/r/Bitcoin/comments/20dolm/psa_xapo_doe...

[sillysaurus3]

Thank you so much for pointing that out. It did seem too good to be true.

[socillion]

I'm not sure how much truth there is to that post since I haven't done any due diligence myself, I just remembered seeing it a while back.

From the top comment in that thread, it looks like the company with insurance underwritten by Lloyd's is Elliptic.