A failed kidnapping attempt in Paris targeting a crypto executive’s family has raised concerns over physical threats to crypto holders.
Private security firms are experiencing increased demand from crypto investors seeking protection services, including bodyguards.
Firms like Circle and Robinhood are allocating millions annually for executive protection, recognizing personal security as crucial amid growing wealth exposure in the crypto industry.
The rise in demand for private security follows incidents like the kidnapping attempt on a French crypto executive’s family and concerns over data leaks that have put wealthy holders at risk.