At Zeux, the safety of our clients’ funds is our top priority. Other than putting the bank-grade security procedures in place to protect our system, today we are pleased to announce that all your cryptos held in your Zeux wallet are insured by world-leading insurance specialist, Lloyd’s of London Syndicate, for up to $100 million.
The crypto custodian solution is Cryptocurrency Security Standard Level 3(CCSS 3) and SOC 2 compliant. The CCSS Level 3 requires multiple actors for the all-critical actions, as advanced authentication mechanisms are employed to ensure the authenticity of data, while assets are distributed geographically and organisationally. All the customers who deposit crypto assets in Zeux can enjoy the highest security standards insured by Lloyd’s of London, and without any extra insurance fee to customers.
The insurance covers a wide range of losses including: 1) employee theft; 2) premises theft; 3) transit theft; 4) 3rd party computer theft and funds transfer (including hacking); 5) theft of cold wallet assets under custody and loss or destruction of private keys due to other physical perils such as fire, flood or earthquake. 6) legal fees.
This is the start of our journey to build up your trust in us.
We are making progress every day. Please stay tuned for more news in the coming weeks.
About Lloyd’s of London
Lloyd’s of London is the world’s leading insurance market providing specialist insurance services to businesses in over 200 countries and territories. Originally founded back in 1686, Lloyd’s of London has been at the forefront of its industry for more than 300 years, pioneering new forms of protection for a rapidly changing world.
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