With the concentration of large amounts of money, the prying eyes of the world’s most capable hackers are always on the prize. This is true for Binance, this is true for Nexo, this is true for any blockchain company, dealing with customer funds. And we all have to accept it as the new normal. I personally am glad that Binance have dedicated a fund to cover the losses of clients. At Nexo, we have worked hard to ensure the safety of customers’ funds via our arrangement with BitGo and Lloyd’s of London to offer $100 million insurance on custodial assets.
