The Blockchain Deposit Insurance Corporation (BDIC) has issued a formal advisory regarding unauthorized use of its branding and documentation by third-party entities misrepresenting their affiliation with the organization. This announcement, made on November 5, 2025, follows reports of organizations claiming to be BDIC partners or insurers, offering digital asset accounts purportedly insured under a ‘BDIC Policy’ for amounts between $125,000 and $250,000 for cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
According to BDIC Founder and CEO Jeffrey Glusman, these unauthorized entities have circulated documents resembling genuine BDIC insurance certificates, which have neither been issued nor approved by the corporation. Glusman emphasized that BDIC has no affiliations with these organizations and has not authorized any external parties to sell BDIC-branded insurance policies directly to consumers.
“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.”
Investigation and Consumer Protection Measures
The advisory was prompted by a customer inquiry that revealed inconsistencies in documentation claiming BDIC coverage. Consequently, BDIC’s internal compliance team launched an extensive review to identify and mitigate unauthorized use of its intellectual property. The organization has since engaged international legal counsel and regulatory partners to safeguard consumers and uphold the integrity of its brand.
Adriano Raimondi, Chief Risk & Compliance Officer at BDIC, stated, “Compliance and transparency are foundational to BDIC’s operations. Our teams continuously work with regulators and partners to maintain the highest standards of consumer protection across the industry.”
Future Initiatives and Consumer Guidance
This advisory aligns with BDIC’s upcoming initiatives, including a planned token generation event (TGE) and the global rollout of blockchain-verified deposit insurance coverage for both centralized and decentralized platforms. BDIC aims to enhance the security of cryptocurrency transactions, aspiring to make digital asset usage as reliable as traditional financial systems through authenticated and transparent insurance 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.”
To aid consumers, BDIC advises users and institutions to:
- Verify all BDIC insurance claims directly at www.BDICinsurance.com.
- Contact [email protected] for verification of policy authenticity.
- Report any questionable documents or offers claiming BDIC coverage to BDIC or local authorities.
Founded to provide blockchain-powered insurance solutions, BDIC is recognized as the first decentralized cryptocurrency deposit insurer. The organization is committed to protecting digital asset holders worldwide, leveraging smart contracts and risk-assessment algorithms to deliver institutional-grade protection.
Headquartered in Hong Kong, BDIC is focused on enhancing safety, compliance, and education in the digital finance sector as it continues its global expansion.
For more information, visit www.BDICinsurance.com or contact BDIC at [email protected].