不要指望保险完全保护您的加密资产，警告Bitgo首席执行官Mike Belshe

Bitgo首席执行官Mike Belshe在《 David Lin Report》的广泛采访中向机构和零售加密投资者发出了明显的警告：不要指望保险以完全保护您的数字资产。

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首席执行官Mike Belshe在《 David Lin Report》的广泛采访中向机构和零售加密投资者发出了明显的警告：不要指望保险以完全保护您的数字资产。

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谈到了加密基础设施堆栈中最误解的组件之一 - 保险。 Belshe说：“保险不是您可以商业期望覆盖数字资产的100％的东西。” “他们太大了。”

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1000亿美元的数字资产，它为机构客户提供了2.5亿美元的保险覆盖范围，并提供了额外的超额保险，但即便如此，Belshe承认，几乎没有刮擦地面。

“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：“只有一个人可以写一个无上限的保险单，这就是FDIC。” “他们可以为美元做这件事，因为他们可以打印更多。但是对于加密货币而言，您找不到提供这种承保范围的承销商。”

Robust Custody Beats Insurance in Digital Asset Security

强大的监护权击败了数字资产安全保险

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.

加密保险的局限性最近在像Bybit Hack这样的重大违规行为之后被置于人们的关注之下，据报道，据报道损失了超过1.5亿美元。 Belshe认为，即使有了保险单，此类事件也揭示了一个基本问题：仅保险就不能代替强大的监护基础设施。在加密货币中一直是这种情况，没有什么可以表明在可预见的将来会发生任何变化。

“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.”

他说：“保险很重要，但安全架构更重要。” “我们已经重新平衡了客户 - 没有一笔钱包持有超过1亿美元的钱。如果Bybit这样做，他们将节省14亿美元。”

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.”

贝尔斯（Belshe）的评论还强调了加密保管人需要用坚固的运营保单分层保险，包括冷藏，多签名身份验证，地理密钥分布和第三方风险评估。他说：“您需要消除单个失败点。” “这就是大多数崩溃开始的地方。”

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

在没有全面的保险选择的情况下，B Menghi强调了Bitgo的替代风险管理策略：

“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.”

“安全正在消除单一的失败点，”贝尔希强调。 “如果您有一个人持有的钥匙，则将其划分为两个。如果它在一家公司中持有，则将其分成两家。如果它在一个司法管辖区中持有，则将其分成两个。”

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.

对于散户投资者来说，信息同样重要。 Bitgo现在也为非机构客户提供了监护权解决方案，应用银行，资产管理者和对冲基金使用的基础设施相同。但是Belshe警告说，许多零售用户不知道其平台实际涵盖的内容，或者不知道什么。

“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.”

他说：“当人们听到'被保险人'时，他们认为这意味着要全力保护。但是，该政策实际上涵盖了什么？黑客盗窃案盗窃？监管扣押？这些都与众不同。” “'保险'一词被抛弃，但很少有人提出正确的问题。”

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.”

随着数字资产继续获得主流采用，Belshe认为机构和个人都需要发展他们对风险的假设。他说：“保险是工具包的一部分，但是您的第一个防御是建筑。如果您仅依靠保险，就已经暴露了。”