Recently asked by an individual investor who was looking for insurance of their own digital assets, it became apparent that whilst businesses involved with crypto are increasingly on the lookout for cover relevant to their activities and the assets they hold, there wasn't much guidance for individuals.
While it is tough for many to accept, cyber-attacks and scam projects are on the rise in the crypto currency space. The vast profit present in the sector has made it an attractive venture for hackers and scammers as well as it has for the investors and traders. The hack of digital asset exchanges such as Coincheck, Mt. Gox, Bithumb, Coinrail, and so many others have seen investors lose billions of dollars. The recent case of QuadrigaCX also tainted a negative picture for the crypto industry.