BDIC Issues Official Advisory on Unauthorized Use of Branding and Documentation
The Blockchain Deposit Insurance Corporation (BDIC) has issued an official advisory regarding unauthorized use of its brand name, logo, and documentation by various entities misrepresenting themselves as BDIC affiliates. This announcement, made on November 5, 2025, follows reports of fraudulent organizations claiming to offer insurance coverage for digital assets such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), with policies ranging from $125,000 to $250,000.
According to BDIC Founder and CEO Jeffrey Glusman, these third-party organizations have circulated documents that mimic legitimate BDIC insurance certificates. He emphasized that BDIC has no affiliations with these institutions and has not authorized any external organizations to issue or sell BDIC-branded insurance policies. “BDIC’s mission is to deliver verifiable protection and transparency to the digital asset ecosystem,” Glusman stated.
The issue came to light when a customer inquired about discrepancies in the documentation referencing BDIC coverage. In response, BDIC’s internal compliance team launched a review to identify and curtail the unauthorized use of its intellectual property.
Strengthening Consumer Protection
In light of these developments, BDIC has engaged international legal counsel and regulatory partners to implement measures aimed at protecting consumers and maintaining the integrity of its brand. The organization is actively collaborating with relevant authorities to disseminate accurate public information regarding its services. Chief Risk & Compliance Officer Adriano Raimondi noted, “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 for a Safer Crypto Ecosystem
This advisory coincides 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 normalize cryptocurrency usage by ensuring it is as secure and trustworthy as traditional financial systems through authenticated and transparent solutions. Glusman further emphasized, “Integrity and trust define the next phase of digital finance. We welcome collaboration with exchanges, wallet providers, and regulators to ensure that users are protected through verified, compliant channels.”
To assist users and institutions, BDIC advises the following steps: verify all BDIC insurance claims directly at www.BDICinsurance.com, contact [email protected] for policy authenticity verification, and report any suspicious documents or offers claiming BDIC coverage to the relevant authorities.
About Blockchain Deposit Insurance Corporation (BDIC): BDIC is the first decentralized cryptocurrency deposit insurer, providing blockchain-powered insurance solutions to protect digital asset holders globally. By employing smart contracts and risk-assessment algorithms, BDIC delivers institutional-grade protection with transparency and efficiency. Headquartered in Hong Kong and planning global expansion, BDIC is committed to enhancing safety, compliance, and education within the digital finance sector.
For more information, visit www.BDICinsurance.com or contact [email protected].
