Can you explain the concept of subroger in relation to cryptocurrencies?

1 answers

• Dec 30, 2021 · 3 years ago
  Subroger, also known as subrogation, is a concept that applies to cryptocurrencies and insurance. In the context of cryptocurrencies, subroger refers to the process of an insurance company or a third party taking over the rights and claims of an individual or organization that has suffered a loss or damage related to cryptocurrencies. This can happen in cases of hacking, theft, or other illegal activities. The subroger then has the right to pursue legal action or seek compensation on behalf of the insured party. It is a way to ensure that the insured party is not left without recourse and that the responsible party is held accountable for their actions.
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