Insurers Race to Cover Crypto Kidnap and Ransom Risks

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A wave of violent attacks on cryptocurrency holders is pushing insurers to develop new protections aimed at a growing physical threat: kidnapping for crypto.

At least three firms specializing in crypto insurance and security are now preparing tailored kidnap and ransom (K&R) policies for digital asset investors, according to a recent report from NBC News.

Rebecca Rubenfeld, chief operating officer of AnchorWatch, said fear of violence was a dominant topic at this week’s Bitcoin Conference in Las Vegas. “They’re tense,” Rubenfeld said. Her firm…



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Insurers Race to Cover Crypto Kidnap and Ransom Risks


A wave of violent attacks on cryptocurrency holders is pushing insurers to develop new protections aimed at a growing physical threat: kidnapping for crypto.

At least three firms specializing in crypto insurance and security are now preparing tailored kidnap and ransom (K&R) policies for digital asset investors, according to a recent report from NBC News.

Rebecca Rubenfeld, chief operating officer of AnchorWatch, said fear of violence was a dominant topic at this week’s Bitcoin Conference in Las Vegas. “They’re tense,” Rubenfeld said. Her firm…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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