OrangeFren project announces 'Guarantee' service

The OrangeFren¹ project has announced² the addition of a new Guarantee service, which aims to protect its users from misbehaving exchanges:

The OrangeFren Guarantee is a service that works like a security deposit which is paid for by the exchanges I partner up with [..] if your money were ever to be stolen by the exchange you’ll be able to get it back directly from me.

Note that OrangeFren Guarantee currently only applies to FixedFloat³ trades.

Compensation amounts, limits and conditions are listed on the website and in the announcement thread².

To learn more about the project, consult the previous Monero Observer report⁴.