Cryptocurrency executives and different traders with vital wealth from crypto holdings are getting extra critical about private safety, in keeping with tales this weekend in each the Wall Street Journal and Bloomberg.

Whereas cryptocurrencies have all the time created distinctive safety dangers, it appears there’s a rising risk of violent abduction because of the rising worth of Bitcoin, in addition to new issues after a recent Coinbase breach exposed customers’ personal information. (Coinbase stated the breach affected lower than 1% of its prospects.)

For instance, three masked males just lately tried to abduct the daughter and granddaughter of the CEO of French foreign money 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, advised Bloomberg that his workforce is seeing “extra inquiries, extra long-term purchasers, and extra proactive requests from crypto traders who don’t wish to be caught off guard” and understand that “clever safety measures are a part of the price of doing enterprise at this degree.”

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.