FTX US Insurance Company Relm: Sufficient funds, has set up reserves for FTX affected customers
ChainCatcher news, the insurer Relm, which has FTX US customers, stated that Relm is well-capitalized to meet claims after the collapse of FTX Trading, with approximately 95% of its assets in cash or U.S. Treasury bills. Additionally, Relm provides insurance for other companies that suffered losses due to FTX and Alameda, but did not provide further details. Currently, the company has allocated a portion of its general reserves for known and unknown claims related to this market impact. (The Block)
