BlockBeats News, May 31st. According to Cointelegraph, at least three professional insurance companies are developing customized Kidnap & Ransom (K&R) insurance for cryptocurrency investors, with the first batch of products expected to be launched this fall. In recent times, there have been numerous cases of violent threats against cryptocurrency whales, with the Noizat family, co-founders of the French exchange platform Paymium, experiencing an attempted kidnapping. In Seoul, South Korea, a robbery incident disguised as a cryptocurrency transaction took place, involving $730,000. According to a report by the private security company Infinite Risks International, the demand for bodyguards for cryptocurrency whales has surged by 300% since May.
Rebecca Rubenfeld, COO of AnchorWatch Insurance, stated at the Bitcoin 2025 Conference that a cryptocurrency-specific customized Kidnap & Ransom insurance product will be launched in the fall. Andrew Kurt, Vice President of Hylant Capital, commented, "This is not a high-frequency risk but an extremely serious event, similar to executive kidnapping insurance, where there may only be one case in a decade, but that single case could result in a loss of tens of millions of dollars."
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