Why is subrogation demand becoming a crucial factor for cryptocurrency investors?

3 answers

• Nov 23, 2021 · 3 years ago
  Subrogation demand refers to the legal right of an insurer to pursue a third party that caused an insurance loss to the insured. In the context of cryptocurrency investments, subrogation demand has become crucial because it allows investors to recover their losses in case of theft or fraud. With the increasing number of hacking incidents and scams in the cryptocurrency industry, investors need to ensure that their assets are protected. By demanding subrogation rights from exchanges or custodians, investors can have an additional layer of security and recourse in case of any mishap.
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• Nov 23, 2021 · 3 years ago
  Subrogation demand is becoming a crucial factor for cryptocurrency investors because it provides them with a means to recover their funds in case of any wrongdoing. With the decentralized and anonymous nature of cryptocurrencies, it can be challenging to trace and retrieve stolen or lost funds. By having subrogation rights, investors can hold exchanges or custodians accountable for any security breaches or fraudulent activities. This not only helps in protecting their investments but also promotes trust and transparency in the cryptocurrency ecosystem.
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• Nov 23, 2021 · 3 years ago
  At BYDFi, we understand the importance of subrogation demand for cryptocurrency investors. It provides an additional layer of protection and reassurance for investors in the event of any unfortunate incidents. By demanding subrogation rights, investors can have peace of mind knowing that their assets are safeguarded and that they have legal recourse in case of any mishap. We encourage all cryptocurrency investors to consider subrogation demand as an essential factor when choosing an exchange or custodian for their digital assets.
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