Cryptocurrency executives and different buyers with important wealth from crypto holdings are getting extra critical about private security, based on tales this weekend in each the Wall Road Journal and Bloomberg.
Whereas cryptocurrencies have at all times created distinctive security dangers, it appears there’s a rising risk of violent abduction as a result of rising worth of Bitcoin, in addition to new considerations after a latest Coinbase breach uncovered clients’ private info. (Coinbase mentioned the breach affected lower than 1% of its clients.)
For instance, three masked males lately 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 security and intelligence agency Infinite Dangers Worldwide, advised Bloomberg that his workforce is seeing “extra inquiries, extra long-term shoppers, and extra proactive requests from crypto buyers who don’t wish to be caught off guard.”
In the meantime, Coinbase revealed in a regulatory submitting that it spent $6.2 million in private security prices for its CEO Brian Armstrong final 12 months — greater than the mixed security prices for the CEOs of JP Morgan, Goldman Sachs, and Nvidia.
