The risk of kidnapping in the crypto industry is rising, and insurance companies are accelerating the launch of customized kidnapping and ransom policies

Odaily News Recent violent kidnappings of cryptocurrency holders have prompted insurance companies to accelerate the launch of kidnapping and ransom (K&R) insurance products designed specifically for digital asset investors. It is reported that companies such as AnchorWatch, Relm Insurance and Hylant Capital are developing customized policies covering kidnapping, extortion and crisis response. Rebecca Rubenfeld, COO of AnchorWatch, said that security issues became the focus of participants at the Bitcoin Conference held in Las Vegas. Joseph Ziolkowski, CEO of Relm Insurance, pointed out that premium pricing will be evaluated based on the customer's physical and network security measures. (Cointelegraph)