Is Binance Australia insured?

I'm curious about the insurance status of Binance Australia. Given the volatile nature of the cryptocurrency market, it's important for investors to understand the level of protection their assets have in case of any unexpected events. Does Binance Australia offer any form of insurance to its customers? If so, what kind of coverage does it provide? And how does this insurance work in practice? I'd appreciate it if you could provide some clarity on this matter.