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Crypto Millionaires Fuel Boom in Kidnap & Ransom Insurance Policies
Crypto Millionaires Fuel Boom in Kidnap & Ransom Insurance Policies
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As digital fortunes hit record highs, insurers scramble to cover a new risk—crypto-rich targets.
High-net-worth hodlers now face a grim side effect of success: becoming walking bullseyes for extortionists. Specialty firms report surging demand for policies covering abduction, blackmail, and even ’virtual hostage’ scenarios.
Underwriters are crafting bespoke packages—think Bitcoin ransoms paid via multisig escrow, 24/7 crisis negotiators, and armed extraction teams. Premiums? Let’s just say they’re priced like Ethereum gas fees during an NFT drop.
Another reminder that in crypto, even your safety becomes a speculative asset class.
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