Wu Blockchain (@WuBlockchain): Crypto “Wrench Attacks” Push Exchanges and Executives to Spend Big on Security
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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. https://x.com/business/status/2056670300796833996?s=20