Insurers Scrutinize Crypto Clients After Heist

Insurers plan to investigate crypto clients following a North Korean heist that stole $6.3 billion from Binance. Experts warn policies may face higher barriers or exclusions for state-backed attacks. The crypto industry, valued at over $2.5 trillion, faces tougher scrutiny as average claim sizes for large businesses rose 586% since 2021 to $4.4 million in 2025.