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Crypto Insurance company BDIC (Blockchain Deposit Insurance Corporation/BDIC HK LTD) Exposes Fraudulent DCB-Bank Offering Fake Crypto Accounts, False BDIC Insurance Coverage & Forged Insurance Policy Certificates
Crypto insurer Blockchain Deposit Insurance Corporation (BDIC), a global provider of blockchain-based deposit insurance, has exposed an alleged fraud scheme involving DCB Bank, which misled customers by falsely claiming their accounts were protected under BDIC insurance, despite having no partnership or affiliation with the crypto insurer and further using the logo and brand of DCB Bank in the effort.
According to BDIC Founder and CEO Jeffrey Glusman, DCB Bank falsely advertised being a crypto bank providing deposit-insurance coverage ranging from $125,000 to $250,000 for Bitcoin (₿TC), Ethereum (ETH), and USDT via a BDIC Policy, collected premiums for nonexistent policies, and issued forged policy coverage certificates bearing a falsified version of his personal electronic signature. The elaborate scam goes as far as telling the victim being contacted by the insurance “adjuster” to submit the info and a claim number for the account hack to a third-party insurance adjuster.
The deception surfaced after a customer, whose account had been compromised, contacted the BDIC Founder/CEO directly, looking for a payout on their insurance. The reason they went with this account in the first place, as explained to Glusman over email, text and conversation,, was that they had been contacted by bank and adjuster representatives (both bad actors), who, through email communication, said that the loss was covered under BDIC insurance. Therefore, to submit the claim to the “adjuster” who would confirm the hack and coverage status in concert with the DCB Bank account. When the victim did just that, they got the confirmation they had been hacked (DCB Fraud Bank being the hacker) and then the adjuster demanded payment of a deductible fee before the BDIC “policy” would activate releasing funds into the DCB Bank account. This is a practice BDIC confirmed does not exist in its legitimate procedures, and one that adds insult to injury for the victim.
Further investigation revealed additional evidence of the phishing activity coordinated with the third-party company, Monarch Limited of the Cayman Islands, and misrepresentations of FATCA, GDPR, and Basel III compliance on DCB’s website and client correspondence.
“This type of fraud undermines the trust that the digital currency ecosystem depends on,” said Glusman. “Consumers deserve verifiable protection, not false promises. As we announce our affiliate wallet and crypto-exchange partnerships during our rollout in Q4, the integration and cross pollination will provide for fluid onboarding and communication with their users leaving no doubt of their coverage using multi levels of authentication, OTP and other methods, to protect their assets”
Glusman continued “In the meanwhile, rest assured we will cooperate on all levels with authorities so those responsible are held accountable.”
Reinforcing Integrity and Consumer Protection
BDIC has engaged multiple international lawyers in response to this fraud, as well as authorities in countries where they are currently operating. Additionally, other global resources in crime prevention, including the FBI, as is standard operating procedure, to pursue civil and criminal actions against the fraudsters. Glusman has communicated with the CEO of DCB BANK, Praveen Kutty, as well so their team can protect clients and update authorities of the corporate identify theft in the regions they operate so more victims are not defrauded of their deposits and add on premiums for accounts and policies that do not exist.
While the incident highlights vulnerabilities in the market, BDIC emphasizes it is also a pivotal moment to strengthen standards and rebuild trust across the digital-asset ecosystem.
Adriano Raimondi, Chief Risk & Compliance Officer of BDIC, stated:
“While the effects of fraud can be disruptive, our commitment to industry-leading compliance not only safeguards our business but also contributes to raising standards for the crypto and financial community at large. Compliance is not a checkbox for us at BDIC – it’s a core value. We are always committed to continuous improvement, working closely with authorities, regulators, and our partners to ensure that our controls not only meet, but exceed, industry standards.”
Paving the Way for a Safer Crypto Economy
The revelations come as BDIC prepares for one of the most anticipated token offerings in the industry, designed to expand blockchain-verified deposit-insurance coverage across centralized and decentralized platforms worldwide.
The initiative is part of BDIC’s mission to normalize cryptocurrency for everyday use by making it as safe, insurable, and trusted as traditional finance and taking it to the next level of integrity through education and operating procedures that embrace the adoption experience.
“Every great innovation matures when it embraces integrity and trust,” Glusman added. “We invite partners, regulators, and innovators to join us in building a financial ecosystem where protection and transparency are the norm — not the exception – and embrace the UNITY message we called for since the ByBit hack…we appreciate the recent comments from Justin Sun of Tron and HTX in this regard sincerely as we look for other leaders to step to the forefront with him.”
Call to Action – Normalization
Wallet platforms and Crypto exchanges alike have the opportunity to engage BDIC for coverage that consumers have shown, fraud or not, they desire, as tens of millions of cryptocurrencies flowed into this elaborate scam based on this safety feature offered. This social proof, identifying the consumer focus being the peace of mind and for safe keeping of current positions, or the consideration to adopt digital currency use in daily life based on safety, further confirms that BDIC Insurance offered in Q4 will result in growth of adoption for platform providers of BDIC.
Allen Sautter, Chief Information Security Officer of BDIC, stated:
“Strong compliance controls are the foundation of trust – not just within our company, but across the industry as a whole. Events like this drive all organizations to reflect, refine, and share best practices for risk mitigation so that the entire market ecosystem becomes more resilient.”
Fraud Victims
BDIC urges anyone who believes they may have been misled by DCB Bank or similar entities to contact [email protected] or reach out to local law enforcement authorities.
The company continues to collaborate with regulators and investigators across multiple jurisdictions to protect consumers and reinforce industry accountability.
Article by Tyler K Kreiling of WealthNWisdom @TylerKreil14843 on X
About Blockchain Deposit Insurance Corporation
Blockchain Deposit Insurance Corporation (BDIC) is the first decentralized cryptocurrency deposit insurer, offering cutting-edge security solutions for digital asset holders. By leveraging blockchain-powered smart contracts and risk assessment algorithms, BDIC provides institutional-grade insurance to safeguard cryptocurrency investments worldwide, with offices currently in the Central District, Hong Kong (BDIC HK LTD) and opening locations in additional jurisdictions with Insurance and Foundation Headquarters, Latin America, and European offices upon insurance regulation approval in respective markets. The TGE remains planned for Q4 and subsequent rollout of the BDIC insurance coverage, as well as before year-end on wallets and exchange platforms.
Website: www.BDICinsurance.com
Instagram: https://www.instagram.com/bdicinsurance/
Telegram: https://t.me/+chOE3jJPG40wMzkx
Twitter/X: https://x.com/bdicinsurance
Linkedin: https://www.linkedin.com/company/blockchain-deposit-insurance-corporation
Contact Info:
Gurgaon, India
Funding will accelerate development of Mojo AI – the agent that turns plain-English intent into on-chain DeFi execution
ChimpX today announced the close of a $2.8 million seed round at a $24 million fully diluted valuation. The round was led by Waterdrip Capital and MetaLabs Ventures, with participation from Mindfulness Capital, NEURALHASH Capital, Marshland Capital, Maven Capital, Attention Venture, and BRINC.
Proceeds will be used to expand ChimpX’s core infrastructure, enhance the Mojo AI execution agent, and support the $CHIMP token launch.
The Problem ChimpX Is Solving
DeFi remains inaccessible to most people. Not because the technology is unproven – yields are real, ownership is real, and the underlying protocols are world class. The problem is UX. Gas tokens on every chain. Nine different apps for one strategy. Forty-five minutes for a $500 trade. The average person tries DeFi once and never comes back.
ChimpX was built to close that gap.
How It Works
At the core of ChimpX is Mojo, an AI execution agent that lets users interact with DeFi through natural language. A user types “optimise yield on my USDC” and Mojo handles the rest – interpreting intent, selecting protocols, constructing the strategy, routing the transaction, and executing on-chain. Automatically. Without requiring the user to manage gas tokens, navigate separate interfaces, or understand the underlying protocols.
A key component is ChimpX’s gas abstraction layer, which allows users to pay fees in stablecoins such as USDC or USDT while the system handles native token requirements in the background.
Traction
ChimpX has demonstrated strong organic adoption since launch, with organic user growth
- 56,000+ unique wallets connected
- $3.9M+ in transaction volume
- 100,000+ AI prompts executed
- 15,000+ active users
The platform supports trading, lending, borrowing, bridging, and derivatives – unified under a single AI-driven interface across BNB Chain, with a Solana launch planned for Q2 2026.
What Mojo AI Does Next
The next phase of development expands the intelligence and autonomy of the Mojo AI agent with:
- Natural-language strategy composition – complex intent converted automatically into executable multi-step strategies
- Advanced order automation – limit orders, stop-loss, take-profit, and DCA scheduling
- Risk-aware execution – dynamic position sizing based on real-time market signals
- On-chain intelligence – whale tracking, behavioural signals, and sentiment inputs
- Agent-to-agent transactions – autonomous economic interactions between AI agents
To ensure trust and safety, ChimpX integrates verifiable on-chain agent identity, full auditability of agent actions, user-configurable controls, and a guardrail system preventing prompt injection.
Investor Perspective
“We see AI agents becoming the primary interface for financial systems. ChimpX is early in building that layer for DeFi — where users express intent, and intelligent agents execute autonomously. This is not just a UX improvement, it’s a paradigm shift.”
— Partner, MetaLabs Ventures
Founder Statement
“Most people who tried DeFi once never came back. Not because DeFi is bad – the protocols are genuinely extraordinary. The experience of using them is just broken. We built ChimpX because we believe that problem is completely solvable. Mojo is the proof.”
– Akshay Nassa, CEO & Co-Founder, ChimpX
$CHIMP Token
The $CHIMP token serves as the coordination layer within the ChimpX ecosystem, enabling fee participation, staking, and governance. The token is designed to support sustainable ecosystem growth.
About ChimpX
ChimpX is building Mojo AI – making DeFi simple for everyone. Users tell Mojo what they want in plain English. Mojo handles everything else. No gas tokens. No fragmented apps. Just done.
chimpx.ai | app.chimpx.ai | x.com/chimpxAI | t.me/chimpxofficial | discord.gg/8Fq4nt3Xwh
Media Contact
Akshay Nassa, CEO
Las Vegas, NV
A Bloomberg-style profile feature has spotlighted Brian Ferdinand for his work in systematic trading and multi-asset portfolio management at EverForward Trading.
The feature highlights Ferdinand’s structured approach to building risk-managed strategies designed to navigate volatility and shifting macroeconomic conditions. His work is centered on consistency, execution discipline, and the application of quantitative frameworks.
Brian Ferdinand is an active member of the Forbes Finance Council, portfolio manager, and trader at EverForward Trading. He focuses on structured, risk-managed multi-asset strategies designed to deliver consistent performance across shifting macroeconomic and volatility regimes, with an emphasis on capital efficiency, drawdown control, and systematic execution.
Ferdinand has earned multiple industry awards recognizing his performance and innovation, including the Global Systematic Trading Performance Award (GSTPA) for sustained, model-driven results and strong risk-adjusted returns, and the Global Quantitative Trading Excellence Award (GQTEA), reflecting his ability to generate systematic alpha through disciplined execution. As a trader with Everforward, he has also been honored with the European Apex Trader Award, recognizing sustained excellence across European markets, and has been inducted into the Forbes Finance Council, an invitation-only network of senior finance leaders.
Additional honors include the Institutional Trading Strategy Innovation Award and the Portfolio Performance Consistency Distinction, reflecting a focus on repeatability, execution precision, and robustness through varying liquidity and volatility environments. In 2026, he was named “Breakout Trader of the Year,” highlighting strong performance and adaptability during complex market conditions.
As an active Forbes Finance Council member, Ferdinand contributes insights on portfolio construction, systematic frameworks, and risk management, with a focus on building resilient strategies that scale across asset classes and market cycles.
New York, USA
Slotozilla has reported an impressively strong start to 2026. In Q1, the company significantly accelerated its expansion and established numerous partnerships, with iGB Barcelona serving as a key catalyst.
Slotozilla is a leading online casino review and bonus comparison platform, offering promotions, tutorials, reviews, and hosting a large number of demo slots.
iGB Barcelona Drives Growth
iGB Barcelona played a pivotal role in shaping Slotozilla’s first quarter. As one of the most influential gatherings in the industry, it provided direct access to affiliate partners. Many of Slotozilla’s strongest collaborations originated from discussions held during the event.
Expanding Affiliate Network: Key Partnerships
The first quarter of 2026 saw a significant expansion of Slotozilla’s affiliate portfolio, with new and existing partners contributing to a total of 54 bonuses. These include:
- Riventa Partners: 13 bonuses
- Spikeaff: 9 bonuses
- Goldbet Partners: 6 bonuses
- Axel Partners: 4 bonuses
- Zizobet: 4 bonuses
- Wicked Affiliates: 4 bonuses
Additional collaborations involved 7Oasis, Grapeaffiliates, Graffiti Partners, Spininio Partners, Go2Affiliates, VJGroup Affiliates, Maxcasino Partners, Nospartners and Sierra Affiliates.
The diversity of these partners adds depth to the Slotozilla portfolio and, in turn, more variety for consumers. Each partner organisation contributes something unique to the roster, whether it’s access to new territories or expertise and experience within a particular category of bonuses.
Bonus Expansion Enhances User Experience
These new partnerships not only position Slotozilla more strongly within the global marketplace, but they also directly translate into an improved user experience. The varied spread of bonus types has been driven by player demand:
No deposit bonuses make up a significant number of the promotions added to the Slotozilla platform in the first quarter of 2026. This reflects players’ growing desire for lower levels of risk.
Global Expansion Across Nine Markets
The quarter demonstrated strong international coverage across DACH (Germany, Austria and the Swiss Confederation), Australia, Poland, Canada, Italy, the UK, Sweden, Finland and New Zealand. DACH (20 bonuses) was the most productive region in the period. This was followed by Australia, Poland and Canada.
Slotozilla Confident About Future
“Our first quarter of 2026 reflects how strategic partnerships and industry events can genuinely translate into real user value and a stronger, global position,” said one Slotozilla spokesperson.
Slotozilla enters the second quarter of the year with a bolstered affiliate base and an even stronger bonus ecosystem. Insights and partnerships gained at iGB Barcelona continue to shape growth and collaborations, and to benefit the organisation long after the event itself.
About Slotozilla
Slotozilla is a casino review and affiliate platform. It offers game insights, bonus comparisons and unbiased reviews.
Onwards and Upwards
Slotozilla will be celebrating its recent successes, but also capitalising on the new data that these provide. With this data, the organisation will be better positioned for an even stronger second quarter.
Media Contact:
Tim Cline
Email: [email protected]
Phone: +12678000083
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