Crypto CEOs' Security Costs Surge Amid 75% Rise in Physical Attacks
— CryptoPotato
Crypto CEOs' security costs surged due to a 75% rise in physical attacks.
Coinbase spent $7.6 million on CEO Brian Armstrong's security in 2025, reflecting a 20% increase due to a 75% rise in physical attacks.
- Coinbase's security expenses rose to $7.6 million, a 20% increase from 2024, linked to a 75% rise in physical attacks on crypto holders.
- Gemini spent $2.5 million on the Winklevoss twins, Circle's CEO Jeremy Allaire cost $800,000, and Robinhood's Vlad Tenev was $1.6 million.
- France has become a hotspot for attacks on crypto entrepreneurs, prompting the government to promise an emergency number and security briefings.
Rising security costs reflect the growing scale of physical threats in the crypto sector and increased demand for protection services.