Cryptocurrency executives and investors are increasingly concerned about their personal safety, as reported by Wall Street Journal and Bloomberg.
The rise in value of Bitcoin has led to a growing threat of violent abduction targeting individuals with significant wealth from crypto holdings.
Security experts are observing an increase in inquiries and demands for proactive security measures from crypto investors, emphasizing the importance of intelligent security measures at this level of business.
Coinbase disclosed spending $6.2 million on personal security costs for its CEO in the previous year, surpassing the combined security expenses for CEOs of major companies like JP Morgan, Goldman Sachs, and Nvidia.