[Gemini Trust](https://medium.com/gemini/digital-assets-insurance-adbfb0c44e74 ) announced that it has secured insurance coverage for the digital assets customers hold in its wallet. To date, insurers have been hesitant to insure the crypto industry due to a large number of high-profile hacks that have resulted in catastrophic losses over the years, and the poor security standards, internal controls, and policies and procedures that have characterized much of the crypto industry.