PANews reported on May 31 that according to Cointelegraph, a wave of violent attacks against cryptocurrency holders is prompting insurance companies to develop new protection measures. Recent events include an Italian tourist who was detained and tortured for three weeks in New York, and the attempted kidnapping of the family of a French crypto executive, highlighting the real security threats facing the crypto industry. It is reported that at least three companies specializing in crypto insurance and security are preparing tailor-made kidnapping and ransom (K&R) insurance policies for digital asset investors.