BDIC Alerts the Public Against Unauthorized Use of Its Branding and Documentation

BDIC Issues Advisory on Unauthorized Branding Use

On November 5, 2025, the Blockchain Deposit Insurance Corporation (BDIC) released a critical advisory regarding unauthorized use of its name, logo, and other identity documentation by various third-party entities. This notice highlights the need for public awareness and vigilance against deceptive practices that compromise consumer trust and security in the blockchain space.

BDIC, as a pioneer in providing blockchain-based deposit insurance, has identified several organizations misrepresenting themselves as partners or affiliates of the corporation. These unauthorized entities have claimed to offer insurance coverage on digital asset accounts under a fictitious 'BDIC Policy', with coverage amounts ranging from $125,000 to $250,000 for assets such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). They have circulated documents resembling legitimate BDIC insurance certificates, all of which are entirely false and not sanctioned by the corporation.

Jeffrey Glusman, founder and CEO of BDIC, made a clarifying statement emphasizing that the corporation has no current partnerships with these organizations and has never authorized them to issue BDIC-branded insurance policies directly to any consumer. He stated, "BDIC's mission is to provide verifiable protection and transparency in the digital asset ecosystem," further encouraging users to validate any claims related to BDIC through official channels and the organization's verified communications.

The emergence of these fraudulent activities came to light after a customer reported inconsistencies in documents related to BDIC coverage. Following this, BDIC’s compliance team undertook a thorough review, aiming to identify and curtail any unauthorized appropriations of its brand and documentation.

Strengthening Consumer Protection and Legal Measures

In response to this alarming situation, BDIC has taken proactive steps to ensure consumer protection and the integrity of its brand. The corporation is collaborating with international legal counsel and regulatory bodies to implement appropriate measures aimed at safeguarding both consumers and its trademarks. Additionally, it is working with local authorities to share intelligence and foster accurate public information about BDIC's services and protection.

Adriano Raimondi, Chief Risk and Compliance Officer at BDIC, stated, "Compliance and transparency are foundational to BDIC’s operations. Our team is committed to working closely with regulators and partners to uphold the highest standards of consumer protection in the blockchain and insurance industries."

Alongside tackling unauthorized branding efforts, these developments coincide with BDIC's forthcoming initiatives, including a token generation event (TGE) and the rollout of blockchain-verified deposit insurance for both centralized and decentralized platforms. BDIC's goal is to normalize cryptocurrency usage by ensuring it is as secure and reliable as traditional finance through its insured solutions.

Path to a Safer Crypto Ecosystem

Glusman further stated, "Integrity and trust are the defining values of the next phase of digital finance." He expressed BDIC's commitment to foster collaboration with exchanges, wallet providers, and regulatory bodies to ensure user protection through legitimate and verified channels.

Consumer Guidance

To ensure heightened security for users and institutions in light of these concerns, BDIC recommends the following precautions:
1. Verify all insurance claims claiming to be affiliated with BDIC by visiting www.BDICinsurance.com.
2. Directly contact BDIC at [email protected] for any inquiries or to verify the authenticity of a policy.
3. Report any suspicious documents or claims suggesting BDIC coverage to BDIC itself or to relevant local authorities.

About Blockchain Deposit Insurance Corporation (BDIC)

BDIC stands at the forefront as the first decentralized cryptocurrency deposit insurance provider. It offers blockchain-driven insurance solutions aimed at safeguarding digital asset holders globally through smart contracts and risk-assessment algorithms, promising transparency and operational efficiency. Headquartered in Hong Kong, BDIC is on a trend of global expansion, illustrating its commitment to enhance safety, compliance, and educational initiatives within the digital finance domain. Visit their official website for more information and updates: www.BDICinsurance.com.