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July 7, 2025 · 1h 47m

BITCOIN INSURANCE, WRENCH ATTACKS, KIDNAPPING & RANSOM, & INHERITANCE SECURITY | Becca Rubenfeld

"Ultimately we determined that the only true solution–TRUE solution–to a wrench attack is insurance."

Cover art for BITCOIN INSURANCE, WRENCH ATTACKS, KIDNAPPING & RANSOM, & INHERITANCE SECURITY | Becca Rubenfeld

THE BITCOIN PODCAST WITH WALKER

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1 So ultimately, we determined that the only true solution, true solution to a wrench attack is insurance.

2 Because we've definitely had customers say that they have opted to use either multi-institutional custody or a sole custodian.

7 Because if they if they came knowing that you have Bitcoin and you're like, I have zero keys, I can do nothing.

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So ultimately, we determined that the only true solution, true solution to a wrench attack is insurance.

Because we've definitely had customers say that they have opted to use either multi-institutional custody or a sole custodian.

And they're like, look, I know there's counterparty risk.

I just don't want the kidnapping risk in my home.

Like, I don't want it there.

And the problem with that is that it doesn't matter, right?

Because if they if they came knowing that you have Bitcoin and you're like, I have zero keys, I can do nothing.

They're like, you can make a phone call, though.

Show notes & resources

host Walker America sits down with Becca Rubenfeld, co-founder of AnchorWatch, for a conversation on the future of Bitcoin insurance, self-custody security, and wrench attack protection.

They dive deep into how AnchorWatch is revolutionizing Bitcoin custody through its insured multi-sig Trident Vault, using MiniScript to blend cryptographic guarantees with traditional Lloyd’s of London insurance. Becca shares AnchorWatch’s journey from startup to becoming the only retail-accessible Lloyd’s crypto coverholder and explains how their solution solves critical pain points for Bitcoiners—including inheritance, estate planning, and fraud prevention.

You’ll learn:

Why AnchorWatch created a Bitcoin-native insurance layer

How their recovery layer ensures foolproof inheritance for families

Why ransomware and wrench attacks are rising—and how AnchorWatch defends against them

The difference between K&R insurance and standard Bitcoin loss coverage