BLOOMBERG LAW · 2026-11-03 10:00 UTC

Binance Lacks Cyber Insurance Coverage for $6.3 Billion Hack

Binance suffered a record $6.3 billion hack and is reimbursing affected customers. The company lacks cyber insurance coverage for the losses, though it carries directors and officers insurance. Crypto companies generally struggle to obtain cyber insurance, and existing policies often have exclusions.

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