Lab Radio

  Our guest on episode 74 of LAB Radio is InsureYourBit’s founder, Doug Moeller. Doug is passionate about providing crypto related insurance to individuals and entities who regularly use uninsured third party custodians as a regular part of their business.  Stay in crypto long enough and you will eventually hear of or be a part of an exchange hack. US based residents who are used to traditional financial services, like banking, are familiar depositors insurance. They receive this as part of the banks agreement with the FDIC. However, the FDIC only insures one kind of deposit, US dollars. Many US based exchanges have FDIC insurance for their customers US dollar deposits, but what about all those crypto deposits? This is where InsureYourBit comes in. Doug wants to see a world where users, on exchange platforms, are able to purchase their own insurance for their digital assets.  Crypto on an exchange is not insured Doug's passion for insurance comes from his experience of platform failure  in the crypto space,