Crypto.com is bolstering its security measures with a significant $120 million insurance policy covering cryptocurrencies held by its U.S. entity, Crypto.com Custody Trust Company. This move demonstrates a commitment to safeguarding user funds amidst growing concerns about digital asset security. According to Financefeed, the insurance package allocates $100 million to protect cryptocurrency stored in cold wallets against loss or theft. Cold wallets, being offline storage, are considered a highly secure method of holding crypto assets. The remaining $20 million covers potential losses resulting from criminal activities and external hacking attempts. This insurance coverage provides an additional layer of security and peace of mind for Crypto.com users, reinforcing the platform's dedication to protecting digital assets. It also reflects the increasing maturity of the cryptocurrency industry and its efforts to mitigate risks associated with digital asset custody. The robust insurance coverage will likely further build trust and confidence among investors and users alike. ```