KOREA TIMES · 2026-10-30 16:02 UTC

Binance's $6.3 bil. hack: How crypto insurance works

Hackers stole $6.3 billion from Binance in the world's largest crypto heist, highlighting cryptocurrency insurance coverage gaps. The global crypto insurance market was valued at $9.37 billion in 2025 and is projected to reach $184.98 billion by 2033. Digital asset insurance covers theft, cyberattacks, and technology failures, but coverage varies by policy terms, asset storage methods, and how breaches occur.

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