So ultimately, we determined that the only true solution, true solution to a wrench attack is insurance.
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."
- • 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
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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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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
"Ultimately we determined that the only true solution–TRUE solution–to a wrench attack is insurance."
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
• AnchorWatch’s future plans for Bitcoin-denominated policies and Bitcoin-backed yield