Cryptocurrency executives and different traders with important wealth from crypto holdings are getting extra critical about private safety, based on tales this weekend in each the Wall Road Journal and Bloomberg.
Whereas cryptocurrencies have all the time created distinctive safety dangers, it appears there’s a rising menace of violent abduction because of the rising worth of Bitcoin, in addition to new considerations after a current Coinbase breach uncovered prospects’ private data. (Coinbase stated the breach affected lower than 1% of its prospects.)
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 Dangers Worldwide, informed Bloomberg that his staff is seeing “extra inquiries, extra long-term purchasers, and extra proactive requests from crypto traders 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 safety prices for its CEO Brian Armstrong final 12 months — greater than the mixed safety prices for the CEOs of JP Morgan, Goldman Sachs, and Nvidia.
