As cryptocurrencies gain value, high-profile investors are prioritizing personal security amid rising threats, particularly violent abduction attempts. A recent incident involved an attempt on the family of a currency CEO, marking a troubling trend. The Coinbase breach that compromised customer data further emphasizes the need for enhanced security measures. Security experts report an uptick in inquiries from crypto investors, with companies like Coinbase spending significantly on personal security for executives, reflecting the seriousness of the threats faced in the industry.
intelligent security measures are part of the cost of doing business at this level.
Coinbase revealed in a regulatory filing that it spent $6.2 million in personal security costs for its CEO.
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