Insurance Companies Attempting To Take Advantage of Crypto Investors Who Fear Kidnapping: Report
Insurance companies are reportedly looking to capitalize on the rising incidents of kidnapping and physical violence targeting crypto millionaires.
NBC News reports that at least three companies that provide insurance and security services for cryptocurrency investors and firms are preparing to offer kidnap and ransom (K&R) insurance policies for those with security concerns stemming from their crypto holdings.
According to Rebecca Rubenfeld, chief operating officer at the crypto insurance firm AnchorWatch, the fear of violence was a big topic at the annual Bitcoin Conference that was held in Las Vegas last week.
“They’re tense. I’m not saying that because I’m trying to sell insurance, but overall, the mood is a very…
