What if Robo-Advisors go bankrupt? Do I get back my money if they’re MAS regulated and protected by SDIC?

I imagine that the purpose of MAS licences and regulations are to ensure that these investment institutions are managing your money in a responsible and accountable manner.

For example, some digital advisors keep your funds and assets in separate custodian banks, so that even if they go insolvent, your assets can't be touched or liquidated to pay off their debt.

These regulations are implemented also to protect us retail investors and probably part of that entails us getting our money back.