Real-World Cases: Insurance Claims in Crypto
2025-09-20
Examining real-world insurance claims offers valuable lessons about risk coverage in the crypto sector. Each case highlights both the potential and the limitations of emerging insurance products.
Notable Incidents
- Exchange Hacks: Policies covered partial user losses following major breaches.
- Smart Contract Failures: Claims paid out where code vulnerabilities were documented and insured.
- Custodial Mishandling: Disputes arose over unclear policy wording, emphasizing the need for transparency.
Key Takeaways
Read policy terms carefully, verify coverage triggers, and understand exclusions. Effective communication between insurers and policyholders is crucial for swift resolution.
Looking Ahead
As the market matures, insurers are refining products to address decentralized risks. Institutional participation and regulatory guidance are expected to drive more comprehensive coverage options.
