BDIC Issues Official Advisory on Unauthorized Use of Branding and Documentation
Central District, Hong Kong, November 5th, 2025, Chainwire
Blockchain Deposit Insurance Corporation (BDIC), a global provider of blockchain-based cryptocurrency deposit insurance headquartered in Hong Kong, has issued an official advisory concerning recent instances of unauthorized use of its brand name, logo, and documentation by entities claiming to be affiliated with BDIC.
According to BDIC Founder and CEO Jeffrey A. Glusman, certain third-party organizations have been found presenting themselves as BDIC partners or insurers, allegedly offering digital asset accounts with insurance coverage ranging from $125,000 to $250,000 for BTC, ETH, and USDT under a “BDIC Policy.” These entities have circulated documents resembling BDIC insurance certificates that were not issued or approved by Blockchain Deposit Insurance Corporation.
Jeffrey A. Glusman clarified that BDIC has no current affiliation or partnership with any such institutions and has never authorized external organizations to issue or sell BDIC-branded insurance policies directly to consumers.
“BDIC’s mission is to deliver verifiable protection and transparency to the digital asset ecosystem,” said Jeffrey A. Glusman, CEO of Blockchain Deposit Insurance Corporation. “We encourage users to verify all BDIC-related claims through our official website and communication channels. Our goal remains to protect the community and strengthen trust in legitimate insurance-backed crypto solutions.”
BDIC became aware of the situation after a customer inquiry revealed discrepancies in documentation referencing BDIC coverage. Following this discovery, BDIC’s internal compliance team initiated a broader review to identify and mitigate any unauthorized use of its intellectual property and documentation.
How Does BDIC Protect Consumers From Fraudulent Crypto Insurance Claims?
Blockchain Deposit Insurance Corporation (BDIC) has engaged international legal counsel and regulatory partners to ensure that appropriate measures are taken to protect both consumers and the integrity of its brand. The company is also coordinating with relevant authorities to share findings and assist in ensuring accurate public information.
“Compliance and transparency are foundational to BDIC’s operations,” said Adriano Raimondi, Chief Risk and Compliance Officer at Blockchain Deposit Insurance Corporation. “Our teams continuously work with regulators and partners to maintain the highest standards of consumer protection across the industry.”
What Is BDIC’s Cryptocurrency Deposit Insurance Coverage and Token Sale Timeline?
This development coincides with BDIC’s upcoming initiatives, including its Token Sale scheduled for Q2 2026 and the global rollout of blockchain-verified deposit insurance coverage for centralized and decentralized platforms. Blockchain Deposit Insurance Corporation provides coverage from $0 to $20,000 across Standard and Preferred tiers, with claims processed automatically via smart contract. The Insurance Reserve Pool holds 528 million BDIC Coin — 33% of total token supply — as collateral backing for all active policies.
The company’s ongoing efforts aim to normalize cryptocurrency usage by making it as secure and trusted as traditional finance through authenticated, transparent, and insured solutions. In 2025, $17 billion was stolen in crypto scams and fraud (Chainalysis 2026 Crypto Crime Report) — yet fewer than 2% of crypto assets are currently insured. BDIC was founded to close that protection gap.
“Integrity and trust define the next phase of digital finance,” Glusman added. “We welcome collaboration with exchanges, wallet providers, and regulators to ensure that users are protected through verified, compliant channels.”
How to Verify Legitimate BDIC Crypto Insurance Coverage
BDIC advises all users and institutions to take the following steps to verify the authenticity of any BDIC insurance claim:
- Verify all BDIC insurance claims directly at BDICinsurance.com before engaging with any third party claiming BDIC affiliation.
- Contact info@bdicinsurance.com to confirm the authenticity of any policy, certificate, or coverage document.
- Report any questionable documents or offers claiming BDIC coverage to BDIC directly or to local financial authorities.
About Blockchain Deposit Insurance Corporation (BDIC)
Blockchain Deposit Insurance Corporation (BDIC) is the world’s first decentralized cryptocurrency deposit insurer, founded in 2024 and headquartered in Hong Kong. BDIC provides deposit insurance coverage for digital asset holders, protecting against losses from exchange failures, smart contract exploits, hacks, and stablecoin de-pegging events — bringing FDIC-style confidence to the crypto ecosystem.
BDIC offers Standard coverage ($0–$10,000) and Preferred coverage ($10,000–$20,000), with claims processed via smart contracts and backed by the BDIC Insurance Reserve Pool. In 2025, $17 billion was stolen in crypto scams and fraud globally. BDIC was built to change that.
Website: www.BDICinsurance.com
Email: info@bdicinsurance.com
Investor Relations: investor.relations@bdicinsurance.com
LinkedIn: Blockchain Deposit Insurance Corporation
X (Twitter): @BDICInsurance
Instagram: @bdicinsurance
Telegram: BDIC Community