- Coinbase CEO Brian Armstrong’s security costs soared to over $7.6 million in 2025, dwarfing other executives’ budgets.
- Crypto executives are increasingly provided personal security by their firms amid a surge in “wrench attacks” and kidnappings.
- Circle spent over $4 million for CEO Jeremy Allaire, while Gemini paid nearly $2.5 million each for the Winklevoss twins.
- Some firms like Bullish, Galaxy Digital, Riot, and Hut 8 do not mention executive security in their SEC filings.
In 2025, prominent cryptocurrency executives and investors are facing escalating physical threats, leading their companies to spend millions on personal security. According to SEC filings reviewed by Protos, Coinbase paid $7,634,834 for CEO Brian Armstrong’s protection, a more-than-20% increase from 2024. Consequently, the need for such measures is underscored by violent crypto-related robbery attempts occurring roughly every five days in France.
Meanwhile, Gemini provides $2,490,844 in security services for each of its founders, Cameron and Tyler Winklevoss. However, Strategy only covers its chairman, Michael Saylor, at a cost of $272,113 per year. Circle spent $4,096,862 for Chairman and CEO Jeremy Allaire’s security and smaller amounts for home enhancements for other executives.
The phenomenon extends beyond corporate filings, as evidenced by a £5 million ($6.7 million) gift from Tether shareholder Christopher Harborne to British politician Nigel Farage. Farage claimed the money was given so he “would be safe and secure for the rest” of his life, though he later described it as a reward for Brexit campaigning.
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