Cryptocurrency insurance providers spend a significant amount of time determining whether to insure a crypto enterprise, and nearly none of them offer coverage to individuals. With only exploits and hacks taken into account, $3.9 billion was stolen from cryptocurrency businesses, decentralized financial platforms and consumers in the past year, a staggering 22% increase from the year before. Some think that 2023 might even be worse.

The initial risk assessment of a cryptocurrency platform is a difficult procedure, according to Raymond Zenkich, head of Evertas, a cryptocurrency insurance company. Zenkich stated that underwriting, which is the process of analyzing and assessing risks associated with insuring an asset, is originally carried…

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