Jonathan Meer (Partner-New York, NY) was quoted in the article “Binance Mega-Hack Confirms Cyberinsurance Industry Fears,” appearing in the November 5, 2026, edition of Law360. The article discusses how the massive $6.3 billion cryptocurrency theft from Binance has raised questions about the insurance industry's ability to cover losses stemming from large-scale cyberattacks, particularly those attributed to state-sponsored actors. Insurance experts are examining potential coverage limitations, including war exclusions and policy restrictions, as well as the challenges of insuring significant digital asset holdings. Jonathan, interviewed among other industry experts, emphasizes the magnitude of the exposure, noting, “Six billion is a very large number, and I don't think there's any sort of insurance tower that goes anywhere near such a figure.” He also weighs in on how the method used to compromise Binance's systems could influence future underwriting practices and insurers' assessment of cyber risks.