Insurance coverage firms are reportedly trying to capitalize on the rising incidents of kidnapping and bodily violence focusing on crypto millionaires.
NBC Information experiences that at the very least three firms that present insurance coverage and safety providers for cryptocurrency traders and companies are making ready to supply kidnap and ransom (Ok&R) insurance coverage insurance policies for these with safety considerations stemming from their crypto holdings.
In line with Rebecca Rubenfeld, chief working officer on the crypto insurance coverage agency AnchorWatch, the concern of violence was an enormous matter on the annual Bitcoin Convention that was held in Las Vegas final week.
“They’re tense. I’m not saying that as a result of I’m attempting to promote insurance coverage, however general, the temper is an excellent setting for me.”
AnchorWatch is contemplating providing kidnapping and ransom safety within the coming months.
The information comes after a string of experiences emerged in regards to the kidnapping of crypto traders. Final month, armed assailants reportedly tried to abduct the daughter and grandson of Pierre Noiza, the CEO of the French crypto alternate platform Paymium, in Paris.
In one other incident, three youngsters allegedly stole $4 million value of cryptocurrency and non-fungible tokens (NFTs) from a person who hosted a crypto-related occasion in Las Vegas and left him stranded at White Hills, Arizona.
And final week in New York Metropolis, a kidnapper allegedly tortured and threatened a crypto investor for 3 weeks to realize entry to his Bitcoin (BTC) pockets.
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