ChainCatcher News, the Fourth Circuit Court of Appeals in the United States recently dismissed a homeowner's lawsuit against the insurance company Lemonade Insurance. The homeowner claimed that the insurance company should compensate for a loss of $170,000 due to a cryptocurrency scam. However, the court ruled that under Virginia law, homeowners insurance only covers "direct physical loss," and digital theft of cryptocurrency does not meet this definition.The judge noted that the insurance company had fulfilled its compensation obligations under the relevant terms of the policy, providing $500 for electronic transfer theft compensation.