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> they've been operating fine for several years

Well, it’s quite telling that the majority of big crypto hacks are uninsured. And they like to play tricks just like normal insurance companies (1). And the CEO got hacked like any random person would’ve (2).

(1) https://thedefiant.io/badgerdao-hack-insurance-payout/

(2) https://www.coindesk.com/markets/2020/12/14/ceo-of-defi-insu...



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