Explainer-Binance’s $6.3 billion hack: How crypto insurance works

By Noor Zainab Hussain and Manya Saini Oct 30 (Reuters) – Hackers stole $6.3 billion from Binance in the world’s biggest crypto heist, putting a spotlight on how cryptocurrency exchanges insure their digital assets against theft and cyberattacks. But insurance protection is far from uniform. Coverage depends on how assets are stored, how hackers gain access and the specific terms of the policy.…