Gemini reportedly signed a deal to protect the Winklevoss twins and their families at $400,000 per month.
Coinbase reportedly spent nearly $7.6 million on CEO Brian Armstrong’s personal security in 2025, an increase of more than 20% from the previous year.
This is according to the company’s proxy filings cited in a report by Bloomberg, where spending following physical attacks on cryptocurrency holders rose by 75% last year. According to data released by blockchain security firm CertiK, there have been 72 confirmed incidents and $41 million in known losses.
Cryptocurrency companies are tightening security measures after a wave of violent attacks
This number is $7.6 million male The Bloomberg article goes beyond what the big Wall Street banks usually disclose to protect the CEO. For context, Gemini reportedly spent about $2.5 million on security for co-founders, Cameron and Tyler Winklevoss, in 2025, and has since signed a deal to protect the twins and their families for $400,000 per month.
Circle spent nearly $800,000 on its CEO, Jeremy Allaire, in 2024, while Robinhood spent nearly $1.6 million on Vlad Tenev. The rest of the industry’s reaction can be seen elsewhere as well. For example, during the Bitcoin 2026 conference in Las Vegas just last month, high-profile speakers could be seen walking around with bodyguards.
Demonstrating how seriously the community takes security, a workshop led by Bitcoin security expert Ben Perrin, which taught attendees how to protect their digital assets under physical duress, as well as how to use rogue wallets, time-locking mechanisms, and duress features on hardware wallets, was one of the most attended workshops at the conference.
It was the same a few weeks ago at Paris Blockchain Week, where a police procession escorted guests to a VIP dinner while organizers doubled security around the event.
The threat is very real, as we saw when a cryptocurrency holder known online as Sillytuna reported in March that armed attackers to steal About $24 million in tokens after being physically intimidated and threatened with kidnapping and sexual assault.
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The structural problem is under the headlines
The reason crypto owners are vulnerable boils down to the technology itself. As we know, public blockchains are pseudonymized rather than anonymous, thus revealing proprietary information to anyone with appropriate analytical tools to view it. As such, the leaked exchange data and on-chain analytics together created, in Bloomberg’s words, “a clear map of who owns what.”
For this reason, demand for protective services has responded accordingly. Executive Risk Services, a company focused on the digital assets industry, has gone from receiving client inquiries about once a quarter two years ago to about once a week now.
Meanwhile, Amsterdam-based Infinite Risks International, which provides bodyguards, armored vehicles and social media monitoring to cryptocurrency holders, has seen more inquiries, more long-term clients and more proactive orders, according to managing director Jethro Begelman. According to the report, France has become a hotspot for cryptocurrency crimes after a series of crimes Attacks On crypto entrepreneurs and their families.
Things have gotten so bad that the country’s interior minister promised so last year It consolidates A priority emergency number for the industry, with elite police units providing security briefings to cryptocurrency executives and their families.
