Bitget got hit for about $387M on 24 September. Mostly ETH, Tron and USDT, no bitcoin. It says its user protection fund covered the lot.

Hacks like this are normal over in ETH land. Vulnerabilities everywhere, money flying all over the place, scams everywhere.

So who looks at that and says, do you know what I want to insure? Fucking DeFi!

What are they charging to make it worth their while?

https://ungovernable.network/shows/bitcoin-brief/did-bitcoin-just-go-dark/