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Are Unchained Capital vaults insured?

Our vault product is not insured at this time because client funds are never in the direct control of Unchained Capital. In a client-controlled vault, clients have total control over their funds, with 2-of-3 keys needed to move bitcoin. In the multi-institution model, keys are distributed among three parties, requiring a client to collaborate with Unchained Capital to move the bitcoin. In the event of a key loss or key compromised scenario, there is a recovery workflow that sweeps funds into a new vault under the control of new keys.