Cryptocurrency executives and different buyers with important wealth from crypto holdings are getting extra severe about personal safety, in accordance with tales this weekend in each the Wall Street Journal and Bloomberg.
While cryptocurrencies have at all times created distinctive safety dangers, it appears there’s a rising menace of violent abduction as a result of rising worth of Bitcoin, in addition to new issues after a latest Coinbase breach uncovered clients’ personal info. (Coinbase stated the breach affected lower than 1% of its clients.)
For instance, three masked males not too long ago tried to abduct the daughter and granddaughter of the CEO of French cryptocurrency firm Paymium, solely to be pushed off by the household’s neighbors.
Jethro Pijlman, who works for Amsterdam-based safety and intelligence agency Infinite Risks International, informed Bloomberg that his crew is seeing “more inquiries, more long-term clients, and more proactive requests from crypto investors who don’t want to be caught off guard.”
Meanwhile, Coinbase revealed in a regulatory submitting that it spent $6.2 million in personal safety prices for its CEO Brian Armstrong final yr — greater than the mixed safety prices for the CEOs of JP Morgan, Goldman Sachs, and Nvidia.