Family Offices & HNWI
In addition to facing the standard onchain risks that any capital is exposed to, family offices and high-net-worth investors have to take into account their physical safety. A wallet address, an ENS name and a public transaction history are often enough to link a balance to an individual. Recorded physical attacks on crypto holders rose from 18 in 2023 to more than 65 in 2025. Ledger co-founder David Balland was kidnapped from his home in France in January 2025 and held for around a day before police freed him. In May 2025 a victim in Manhattan was held and coerced for weeks over access to millions in bitcoin, and two suspects were charged.
Risks faced
Organizations in this category typically face a combination of protocol, custody, counterparty, and market-structure risks. The more systems they rely on, the more important it becomes to map the risk surface before losses occur.
• Smart contract exploits in any protocol holding fund capital
• Centralized exchange failure, including halted withdrawals and exchange-wide haircuts
• Stablecoin depeg on reserves, collateral and settlement assets
• ETH liquid staking and restaking token depeg
• Oracle failure and manipulation feeding a bad price into an open position
• Liquidation failure that leaves bad debt behind
• Leveraged liquidation and unrealized loss on looped strategies
• Governance takeover at a protocol holding fund assets
Relevant products
Crypto Kidnap & Ransom Cover is a safety net for holders and their families, built with Merrill Herzog, InShare and Samphire Risk. It covers ransom reimbursement in crypto and gives members access to a 24/7 crisis-response team of former special forces and intelligence operators, with cover options extending to close family members. Confidentiality is part of the product, and no publicly available information connects cover to any individual. For onchain and custodial exposure, Custody Cover responds to exchange withdrawal halts and haircuts, Single Protocol Cover covers individual positions, and Depeg Cover covers stablecoin holdings. Where a book warrants portfolio-level treatment, Fund Portfolio Cover covers all of it in one transaction
Trusted by institutional allocators
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