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Binance $6.3 billion heist to prompt closer scrutiny by insurers

Binance $6.3 billion heist to prompt closer scrutiny by insurers

by AIP Online Bureau | Nov 8, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Wealth Management/ Philanthropy

Insurers are not expected to broadly retreat from the crypto sector or reduce the availability of coverage. But the largest crypto theft on record could bring tougher scrutiny of crypto firms’ exposure to Binance and any weaknesses identified in the attack, which the...
Binance’s $6.3 Billion Hack: How Crypto insurance works

Binance’s $6.3 Billion Hack: How Crypto insurance works

by AIP Online Bureau | Oct 31, 2026 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology, Wealth Management/ Philanthropy

When a crypto exchange suffers a hack, losses can be covered through a combination of insurance payouts, the company’s own capital and emergency funds set aside to compensate customers. Hackers stole $6.3 billion from Binance in the world’s biggest crypto heist,...
Binance $6.3 billion heist to prompt closer scrutiny by insurers

Crypto asset tax reporting obligation: Here is what it means for exchanges, investors

by AIP Online Bureau | Jul 27, 2026 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The objective of the guidance note on crypto asset reporting obligations is to bridge the information gap that existed because such assets could be transferred or held outside the traditional financial system. The Central Board of Direct Taxes (CBDT) has issued a...
Crypto crime escalates beyond hacks to kidnappings and coercion

Crypto crime escalates beyond hacks to kidnappings and coercion

by AIP Online Bureau | May 21, 2026 | Eco/Invest/Demography, International News, Technology, Wealth Management/ Philanthropy

Physical attacks on cryptocurrency holders rose 75% in 2025, reaching 72 confirmed incidents and $41 million in known losses, according to data compiled by the blockchain security firm CertiK. The figure is widely considered understated, with kidnappings and ransom...
Binance $6.3 billion heist to prompt closer scrutiny by insurers

Crypto steadies as easing geopolitical tensions lift sentiment caution persists

by AIP Online Bureau | Apr 4, 2026 | Eco/Invest/Demography, Indian News, Technology, Wealth Management/ Philanthropy

Bitcoin hovered in a narrow USD 66,000-USD 67,000 range with declining volumes, signalling investor hesitation, while altcoins underperformed amid the leading cryptocurrency’s continued dominance, according to WazirX – India’s largest and most...
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