[Binance Uncovered Cybersecurity Insurance; External Insurance Expected to Cover Only a Small Portion of Losses] According to a report by Jinse Finance on November 4th, citing sources from Bloomberg Law, Binance has failed to obtain cybersecurity insurance. Following the hack involving approximately $6.3 billion in stolen assets, it is expected that external commercial insurance will cover only a limited portion of the losses. Binance currently holds directors and officers liability insurance, which may provide some protection against regulatory investigations and lawsuits against the company's directors or executives after the incident, but does not directly cover the stolen crypto assets. According to the report, even if digital asset companies hold relevant insurance, they may be subject to exclusion clauses in the policy, and the specific scope of compensation still depends on the policy terms.