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>>Groundbreaking Crypto Theft Insurance: Hanwha’s Daring Safeguard for Bitcoin Holders

Groundbreaking Crypto Theft Insurance: Hanwha’s Daring Safeguard for Bitcoin Holders

crypthub

11/17/2025, 11:50:08 PM

Overview of the Initiative

Hanwha General Insurance is negotiating with the IndoEx exchange to launch crypto‑hacking insurance. The plan targets Bitcoin and the five other highest‑volume digital assets. It aims to give investors protection similar to home or car insurance.

Coverage Details and Limitations

The policy covers losses from hacks on the top six cryptocurrencies by trading volume. High‑risk activities such as leveraged trading are excluded to keep the product viable. Initial focus is on exchange‑based holdings, not personal wallets.

Operational Mechanics and Benefits

The insurance will operate like traditional policies with clear limits and premiums. Policyholders receive enhanced security measures plus financial backup if a breach occurs. This dual‑layer approach is designed to boost confidence in the crypto market.

Challenges and Future Outlook

Insurers must accurately gauge rapidly evolving blockchain risks and set fair premiums. Excluding leveraged trades helps manage exposure and ensure sustainability. Success could prompt more insurers to enter the space, expanding coverage and lowering costs.