Crypto insurance

[GerbertPhills]

I am interested in an insurance coverage of 300,000USDT that are stored on my Binance account. I am concerned about Binance being bankrupt same as FTX was at some point and I would like to have a cover for this specific case only.

I am storing my USDT on products in the EARN category that provide me with annual returns.

Is there any insurance you know about that can provide that?

Thanks a lot

 

[Suba]

As far as I know, there are many crypto exchanges that insure assets (not crypto) such as Binance, Coinbase, eToro etc. However, until now I have not found an insurance company that can protect personal crypto. You can visit the Securities Investor Protection Corp. (SIPC) and see the list of exchanges that have joined. Meanwhile, Lloyds of London also offers crypto protection from wallet theft or hacking. so not on a crypto exchange. But it would be better if you visited Lloyds of London.