As much as $1.6 million in IOTA tokens were stolen in a hack of the Trinity wallet.
The cover protects Bittrex against theft or collusion of its cold storage assets, and was arranged through Lloyds of London.
Matjaz Skorjanc was arrested by law enforcement in Germany at the request of U.S. authorities on charges relating to the alleged thefts.
Fusion is looking internally for the source of a massive crypto theft, and hoping to catch the culprit before its too late.
Despite Bitcoin itself never having been designed for illegal activity, criminals use cryptocurrency as a method of facilitating their nefarious actions.
Police in the UK and the Netherlands have arrested six people for leading the crypto theft ring stealing $27 million in crypto.
Two Israeli brothers reportedly were behind a scheme for the past three years that allowed them to steal access to the accounts of crypto holders.
To help mature the industry, some of the biggest investors are proposing to create a backlist of bad actors in the crypto space.
A court has awarded Michael Terpin $75.8 million as part of a civil judgment from a scheme to defraud him of his cryptocurrency assets.
The thefts involved five hackers all aged between 18 and 26, who have been charged with the cybercrimes, according to law enforcement authorities.