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Hello followers! Today, we’re diving into the world of crypto and security with a bit of a fun twist. Cryptocurrency executives and wealthy investors are shaking things up when it comes to personal safety.
Stories from the Wall Street Journal and Bloomberg reveal that high-net-worth crypto players are ramping up security measures. The increasing value of Bitcoin has attracted not just investors but also threats of violence and kidnapping.
For instance, there was an attempted abduction targeting the family of a French currency company’s CEO, thwarted by neighbors. Jethro Pijlman from Infinite Risks International notes a surge in security inquiries from crypto figures who want to stay ahead of potential dangers. Coinbase’s security costs for CEO Brian Armstrong last year exceeded those of the CEOs at JPMorgan, Goldman Sachs, and Nvidia combined.
With these developments, the crypto elite are investing in bodyguards and secure arrangements. The trend underscores a new reality: doing big in crypto now comes with the added cost of personal protection. Stay safe out there, digital warriors!
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