不要指望保險完全保護您的加密資產，警告Bitgo首席執行官Mike Belshe

Bitgo首席執行官Mike Belshe在《 David Lin Report》的廣泛採訪中向機構和零售加密投資者發出了明顯的警告：不要指望保險以完全保護您的數字資產。

In a wide-ranging interview on the David Lin Report, BitGo CEO Mike Belshe issued a stark warning to institutional and retail crypto investors: don’t count on insurance to fully protect your digital assets.

Bitgo首席執行官Mike Belshe在《 David Lin Report》的廣泛採訪中向機構和零售加密投資者發出了明顯的警告：不要指望保險以完全保護您的數字資產。

Belshe addressed one of the most misunderstood components of the crypto infrastructure stack — insurance. “Insurance is not something that you can commercially expect to cover 100% of digital assets,” Belshe said. “They’re too big for that.”

Belshe談到了加密基礎設施堆棧中最誤解的組件之一 - 保險。 Belshe說：“保險不是您可以商業期望覆蓋數字資產的100％的東西。” “他們太大了。”

BitGo, which recently crossed $100 billion in digital assets under custody, offers institutional clients up to $250 million in insurance coverage with additional excess cover — but even that, Belshe admits, barely scratches the surface.

Bitgo最近在拘留中跨越了1000億美元的數字資產，它為機構客戶提供了2.5億美元的保險覆蓋範圍，並提供了額外的超額保險，但即便如此，Belshe承認，幾乎沒有刮擦地面。

“There’s only one guy that can write an uncapped insurance policy — and that’s the FDIC,” Belshe noted. “They can do that for U.S. dollars because they can print more of them. But for crypto? You won’t find an underwriter offering that kind of coverage.”

Belshe指出：“只有一個人可以寫一個無上限的保險單，這就是FDIC。” “他們可以為美元做這件事，因為他們可以打印更多。但是對於加密貨幣而言，您找不到提供這種承保範圍的承銷商。”

Robust Custody Beats Insurance in Digital Asset Security

強大的監護權擊敗了數字資產安全保險

The limitations of crypto insurance were thrown into the spotlight recently after major breaches like the Bybit hack, which reportedly lost over $150 million. Belshe argues that even with insurance policies in place, such incidents reveal a fundamental issue: insurance alone is not a substitute for robust custody infrastructure. This has always been the case in crypto and there is nothing to indicate anything will change in the foreseeable future.

加密保險的局限性最近在像Bybit Hack這樣的重大違規行為之後被置於人們的關注之下，據報導，據報導損失了超過1.5億美元。 Belshe認為，即使有了保險單，此類事件也揭示了一個基本問題：僅保險就不能代替強大的監護基礎設施。在加密貨幣中一直是這種情況，沒有什麼可以表明在可預見的將來會發生任何變化。

“Insurance matters, but security architecture matters more,” he said. “We already rebalance our clients — no single wallet holds more than $100 million. If Bybit had done that, they would have saved $1.4 billion.”

他說：“保險很重要，但安全架構更重要。” “我們已經重新平衡了客戶 - 沒有一筆錢包持有超過1億美元的錢。如果Bybit這樣做，他們將節省14億美元。”

Belshe’s comments also emphasized the need for crypto custodians to layer insurance with hardened operational policies — including cold storage, multi-signature authentication, geographic key distribution, and third-party risk assessments. “You need to eliminate single points of failure,” he said. “That’s where most breakdowns start.”

貝爾斯（Belshe）的評論還強調了加密保管人需要用堅固的運營保單分層保險，包括冷藏，多簽名身份驗證，地理密鑰分佈和第三方風險評估。他說：“您需要消除單個失敗點。” “這就是大多數崩潰開始的地方。”

In the absence of comprehensive insurance options, B menghi highlighted BitGo's alternative risk management strategies:

在沒有全面的保險選擇的情況下，B Menghi強調了Bitgo的替代風險管理策略：

“Security is eliminating single points of failure,” Belshi emphasized. “If you have a key held by one person, you split it across two. If it’s held at one company, you split it across two. If it’s held in one jurisdiction, you split it across two.”

“安全正在消除單一的失敗點，”貝爾希強調。 “如果您有一個人持有的鑰匙，則將其劃分為兩個。如果它在一家公司中持有，則將其分成兩家。如果它在一個司法管轄區中持有，則將其分成兩個。”

For retail investors, the message is no less important. BitGo now offers custody solutions to non-institutional clients as well, applying the same infrastructure used by banks, asset managers, and hedge funds. But Belshe cautions that many retail users are unaware of what their platforms actually cover — or don’t.

對於散戶投資者來說，信息同樣重要。 Bitgo現在還為非機構客戶提供了監護權解決方案，應用銀行，資產管理者和對沖基金使用的基礎設施相同。但是Belshe警告說，許多零售用戶不知道其平台實際涵蓋的內容，或者不知道什麼。

“When people hear ‘insured,’ they assume it means full protection. But what does the policy actually cover? Hacks? Insider theft? Regulatory seizure? Those are all different,” he said. “The term ‘insurance’ gets thrown around, but few ask the right questions.”

他說：“當人們聽到'被保險人'時，他們認為這意味著要全力保護。但是，該政策實際上涵蓋了什麼？黑客盜竊案盜竊？監管扣押？這些都與眾不同。” “'保險'一詞被拋棄，但很少有人提出正確的問題。”

As digital assets continue to gain mainstream adoption, Belshe believes institutions and individuals alike will need to evolve their assumptions about risk. “Insurance is part of the toolkit,” he said, “but your first defense is architecture. If you’re relying on insurance alone, you’re already exposed.”

隨著數字資產繼續獲得主流採用，Belshe認為機構和個人都需要發展他們對風險的假設。他說：“保險是工具包的一部分，但是您的第一個防禦是建築。如果您僅依靠保險，就已經暴露了。”