Insurance Firms Develop New Policies Amid Rising Threats to Cryptocurrency Holders

According to PANews, a surge in violent attacks targeting cryptocurrency holders is prompting insurance companies to introduce new protective measures. Recent incidents, such as the prolonged detention and torture of an Italian tourist in New York and an attempted kidnapping involving the family of a French cryptocurrency executive, highlight the tangible security threats facing the crypto industry. At least three companies specializing in crypto insurance and security are reportedly preparing customized kidnap and ransom (K&R) insurance policies for digital asset investors.