Several insurance companies plan to launch crypto asset kidnapping insurance to cover violent threats against crypto tycoons

Mars Finance News, on May 31, according to Cointelegraph, at least three professional insurance institutions are developing customized kidnapping and ransom (K&R) insurance for crypto asset investors, with the first batch of products expected to be launched this fall. Recently, violent threat cases against crypto-rich individuals have been frequent, with the Noizat family, co-founder of French trading platform Paymium, experiencing a kidnapping attempt, and a robbery involving $730,000 occurring in Seoul, South Korea, under the guise of a crypto transaction. According to a report by private security company Infinite Risks International, bodyguard demand for crypto-rich individuals has surged 300% year-on-year since May. Rebecca Rubenfeld, COO of AnchorWatch Insurance, stated at the Bitcoin 2025 conference that they will launch a crypto-specific customized kidnapping and ransom insurance product in the fall. Andrew Kurt, Vice President of Hylant Capital, commented, "This is not a high-frequency risk, but an extremely severe event, similar to corporate executive kidnapping insurance, where one case in ten years might occur, but that single case could result in a loss of millions of dollars."