Gemini has reportedly secured a protection agreement for the Winklevoss twins and their families costing nearly $400,000 per month.
Coinbase reportedly spent around $7.6 million on personal security for CEO Brian Armstrong in 2025, marking an increase of more than 20 percent compared to the previous year.
According to a Bloomberg report citing company proxy filings, the rise in security spending comes amid a sharp increase in physical attacks targeting cryptocurrency holders. Data from blockchain security firm CertiK revealed that confirmed incidents climbed 75 percent last year, with 72 recorded cases and approximately $41 million in reported losses.
Crypto Companies Increase Protection Measures Following Violent Incidents
The reported $7.6 million spent by Coinbase exceeds the amount many major Wall Street firms allocate for executive security.
Meanwhile, Gemini reportedly spent roughly $2.5 million on security for co founders Cameron Winklevoss and Tyler Winklevoss in 2025. The company has also signed a separate agreement worth $400,000 monthly to provide ongoing protection for the twins and their families.
Circle reportedly allocated nearly $800,000 toward security for CEO Jeremy Allaire in 2024, while Robinhood spent approximately $1.6 million protecting CEO Vlad Tenev.
The industry’s growing security concerns have also become more visible at public events. During the Bitcoin 2026 conference in Las Vegas, several high profile speakers were accompanied by personal bodyguards throughout the event.
One of the conference’s most attended workshops was led by bitcoin security expert Ben Perrin. The session focused on protecting digital assets during physical threats and covered topics such as decoy wallets, time lock systems, and emergency duress features available on hardware wallets.
Similar precautions were reportedly seen weeks earlier at Paris Blockchain Week, where guests attending a VIP dinner were escorted by police motorcades while organizers significantly increased event security.
The risks facing crypto holders have become increasingly serious. In March, a crypto investor known online as Sillytuna revealed that armed attackers stole nearly $24 million in digital assets after threatening him with kidnapping and sexual violence.
Transparency of Blockchain Data Creates Security Risks
One major reason crypto investors have become targets is the transparent nature of blockchain technology itself.
Although blockchain wallets are pseudonymous rather than directly tied to identities, ownership information can still be uncovered through advanced analytics tools. Combined with leaked exchange data, blockchain analysis has effectively created what Bloomberg described as a visible map of digital asset ownership.
As threats increase, demand for specialized security services has risen sharply.
Executive Risk Services, a company focused on protecting clients within the digital asset sector, reportedly went from receiving inquiries once every few months to handling new requests almost every week.
At the same time, Infinite Risks International, an Amsterdam based firm offering bodyguards, armored vehicles, and social media monitoring for crypto investors, has also seen a major rise in client demand. Managing director Jethro Pilman said the company is receiving more long term contracts and proactive security requests than ever before.
According to the report, France has emerged as a major hotspot for crypto related crime following a series of attacks targeting crypto entrepreneurs and their families.
The situation reportedly became so severe that last year the country’s Interior Minister pledged to introduce a priority emergency hotline dedicated to the crypto industry, while elite police units began offering security briefings for executives and their relatives.#crypto#cryptonewshttps://coinsignals.nethttps://t.me/coinsignalpublic
