[Sources: Binance's Insurance Coverage Expected to Cover Only a Minimal Amount of Theft Losses] According to Foresight News, citing sources familiar with the matter, Binance holds Directors and Officers (D&O) Liability Insurance to cover claims against executives in regulatory investigations or lawsuits. However, like most crypto companies, Binance has not obtained cyber insurance. Cyber insurance in the crypto space is considered "virtually impossible" to obtain. Furthermore, Binance's User Protection Fund (SAFU) lacks external insurance or reinsurance support. Even when companies seek compensation through crypto, crime, or D&O policies, these policies often have numerous denial clauses.