{"id":78071,"date":"2026-03-27T18:01:33","date_gmt":"2026-03-27T18:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=78071"},"modified":"2026-03-27T18:01:33","modified_gmt":"2026-03-27T18:01:33","slug":"crypto-insurance-sounds-great-until-you-actually-need-it-heres-the-ugly-truth","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=78071","title":{"rendered":"Crypto Insurance Sounds Great Until You Actually Need It\u2014Here&#8217;s The Ugly Truth"},"content":{"rendered":"<div>\n<p><strong>Coinbase<\/strong> <a class=\"ticker-link\" data-ticker=\"COIN\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/COIN\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/COIN\">COIN<\/a>) denied a $100,000 <strong>Bitcoin <\/strong><a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) theft claim from a Coinbase One subscriber, despite the $29.99-a-month service promising up to $1 million in account protection.<\/p>\n<h3 class=\"wp-block-heading\">The Intuit CRO Who Lost $100,000<\/h3>\n<p><strong>Matthew Allan<\/strong>, Chief Risk Officer at <strong>Intuit Inc.<\/strong> <a class=\"ticker-link\" data-ticker=\"INTU\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/INTU\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/INTU\">INTU<\/a>), had nearly $100,000 in Bitcoin <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-27\/crypto-theft-fuels-insurance-boom-but-protections-vary?srnd=phx-crypto\">stolen<\/a> from his Coinbase account.\u00a0<\/p>\n<p>Despite paying for Coinbase One\u2019s account protection, Coinbase told him he was out of luck because he hadn\u2019t turned on certain security settings required by the terms and conditions.<\/p>\n<p>Coinbase maintained that customers own responsibility for all account activity, even when attackers compromise their devices or credentials.<\/p>\n<p>During five months of back-and-forth, Coinbase maintained that customers own responsibility for all account activity, even when attackers compromise their devices or credentials,\u201d according to court records.\u00a0<\/p>\n<p>Allan sued, a court compelled the complaint into private arbitration, and he may never &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/03\/51518673\/crypto-insurance-sounds-great-until-you-actually-need-it-heres-the-ugly-truth?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Crypto\" insurance sounds great until you actually need it the ugly truth>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase (NASDAQ:COIN) denied a $100,000 Bitcoin (CRYPTO: BTC) theft claim from a Coinbase One subscriber, despite the $29.99-a-month service promising up to $1 million in account protection. The Intuit CRO Who Lost $100,000 Matthew Allan, Chief Risk Officer at Intuit Inc. (NASDAQ:INTU), had nearly $100,000 in Bitcoin stolen from his Coinbase account.\u00a0 Despite paying for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-78071","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/78071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=78071"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/78071\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}