Crypto “Wrench Attacks” Push Exchanges and Executives to Spend Big on Security Bloomberg reported that rising kidnappings, home invasions a…
Crypto “Wrench Attacks” Push Exchanges and Executives to Spend Big on Security
Bloomberg reported that rising kidnappings, home invasions and “wrench attacks” in crypto are driving exchanges and high-profile figures to tighten personal security. Coinbase’s latest proxy filing shows the company spent about $8.7 million in 2025 on CEO Brian Armstrong’s security and related protection measures, up from about $6.2 million in 2024. Gemini’s latest filing shows it pays Winklevoss Capital Management $400,000 per month for executive protection, secure transportation and risk‑advisory services for its CEO and president and their families.
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