Central District, Hong Kong, November 4th, 2025, Chainwire
The Blockchain Deposit Insurance Corporation (BDIC) has recently taken a proactive step in safeguarding its reputation and protecting consumers against fraud. An official advisory has been issued regarding unauthorized entities that have misappropriated BDIC’s brand name, logo, and documentation, claiming to provide affiliated services. This warning underscores the rising need for vigilance in the fast-evolving world of digital finance.
According to BDIC’s Founder and CEO Jeffrey Glusman, various third-party organizations have begun representing themselves as BDIC partners or insurers. They falsely offer digital asset accounts purportedly insured by BDIC, with coverage amounts ranging from $125,000 to $250,000 for popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) under a so-called “BDIC Policy.” Additionally, these entities have circulated counterfeit documents that mimic genuine BDIC insurance certificates.
Mr. Glusman emphatically clarified that BDIC has no current partnerships with these organizations and has never authorized any external parties to sell BDIC-branded insurance policies directly to consumers. This revelation serves as a crucial reminder to the community, particularly given the increasing sophistication of scams in the digital asset space.
“BDIC’s mission is to deliver verifiable protection and transparency to the digital asset ecosystem,” said Glusman. “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.”
The company became aware of these discrepancies following inquiries from customers, which revealed inconsistencies in documentation referencing supposed BDIC coverage. This prompted an internal compliance review, highlighting the significance of robust oversight in mitigating fraudulent activities.
Strengthening Consumer Protection and Compliance
In response to these unauthorized claims, BDIC has engaged international legal counsel and regulatory partners to implement protective measures for consumers and uphold the integrity of its brand. The company is diligently coordinating with relevant authorities, aiming to disseminate accurate information to the public while curbing fraudulent activities.
“Compliance and transparency are foundational to BDIC’s operations,” said Adriano Raimondi, Chief Risk & Compliance Officer. “Our teams continuously work with regulators and partners to maintain the highest standards of consumer protection across the industry.”
This commitment to consumer protection reflects BDIC’s broader agenda, which includes plans for a token generation event (TGE) and an ambitious global rollout of blockchain-verified deposit insurance coverage. These initiatives are designed to enhance the security and trustworthiness of cryptocurrency transactions, making them as reliable as traditional financial solutions.
“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.”
Consumer Guidance
<pTo ensure the safety of users and institutions alike, BDIC has issued essential guidance to help them navigate this landscape:
- Verify all BDIC insurance claims directly at www.BDICinsurance.com.
- Contact info@bdicinsurance.com for verification of policy authenticity.
- Report any questionable documents or offers claiming BDIC coverage to BDIC or local authorities.
About Blockchain Deposit Insurance Corporation (BDIC)
The Blockchain Deposit Insurance Corporation (BDIC) stands as a pioneering entity in the realm of decentralized cryptocurrency deposit insurance, providing blockchain-powered solutions intended to protect digital asset holders worldwide. Utilizing smart contracts and risk-assessment algorithms, BDIC offers institutional-grade protection characterized by transparency and efficiency.
Headquartered in Hong Kong, BDIC is on a trajectory of global expansion, dedicated to bolstering safety, compliance, and education within the ever-evolving digital finance sector.
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
Contact
BDIC
info@bdicinsurance.com
