I'm not sure where you got this impression but it's very wrong. Coinbase does hold insurance but it does _not_ apply to the scenario described in this Forbes a

I'm not sure where you got this impression but it's very wrong. Coinbase does hold insurance but it does _not_ apply to the scenario described in this Forbes article where individual user's security is compromised. This Coinbase support article[0] succinctly describes what they are insured against. Important points are that only about 2% of their total Bitcoin deposits are insured, those that they keep "online". The insurance does _not_ apply to losses suffered due to an individual's account being compromised. [0] https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured- https://support.coinbase.com/customer/portal/articles/166237...