Is CoinEx insured?

Excuse me, but I'm curious about the security measures in place at CoinEx. Could you please clarify if CoinEx is insured against potential risks or losses that may occur in the cryptocurrency market? I'm particularly interested in understanding if there are any safeguards in place to protect user funds and transactions in case of unforeseen events. It would be great if you could provide some insights into the specific insurance policies or protection mechanisms that CoinEx has implemented to ensure the safety and security of its users' assets. Thank you in advance for your clarification.