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Insurers Explore Kidnap and Ransom Policies for High-Net-Worth Crypto Investors
Insurers Explore Kidnap and Ransom Policies for High-Net-Worth Crypto Investors
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U.S. insurance firms are developing specialized kidnap and ransom (K&R) policies targeting wealthy cryptocurrency holders, responding to rising security concerns in the digital asset space. The move follows increased reports of crypto entrepreneurs facing kidnapping threats, highlighting the intersection of physical security and decentralized wealth.
Market analysts note this development reflects cryptocurrency’s maturation as an asset class, with traditional financial services adapting to its unique risk profile. No specific coins or exchanges are mentioned in the initiative, suggesting insurers are addressing broad sector risks rather than token-specific vulnerabilities.
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