Cryptocurrency executives and different buyers with vital wealth from crypto holdings are getting extra severe about private safety, in response to tales this weekend in each the Wall Avenue Journal and Bloomberg.
Whereas 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 considerations after a latest Coinbase breach uncovered clients’ private data. (Coinbase mentioned the breach affected lower than 1% of its clients.)
For instance, three masked males just lately tried to abduct the daughter and granddaughter of the CEO of French forex 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, instructed Bloomberg that his group is seeing “extra inquiries, extra long-term shoppers, and extra proactive requests from crypto buyers who don’t need to be caught off guard” and notice that “clever safety measures are a part of the price of doing enterprise at this stage.”
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 yr — greater than the mixed safety prices for the CEOs of JP Morgan, Goldman Sachs, and Nvidia.
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