Crypto exchanges and executives are increasing spending on personal protection as physical attacks targeting digital asset holders move beyond online threats and into the real world.
According to CertiK, physical attacks on crypto holders reached 72 confirmed incidents in 2025, up 75%.
Known losses totaled $41M.
The real number is likely higher because kidnappings and ransom demands are often resolved privately.
Coinbase spent about $7.6M on personal… pic.twitter.com/TWe8ctQYlH
— Wall St Engine (@wallstengine) May 19, 2026
The shift to physical attacks
The change comes as kidnappings, home invasions, and so-called “wrench attacks” become a growing concern across the crypto industry. A wrench attack involves criminals using threats or violence to force victims to hand over wallet access, passwords, or private keys.
The rise in attacks is pushing exchanges and crypto companies to strengthen security not only around digital assets but also around executives, employees, and their families.
Crypto executives face rising physical threats
Recent reports show crypto-related crimes are increasingly turning violent. France alone recorded 41 crypto-linked kidnappings in 2026, highlighting the growing risks facing investors, executives, and people connected to the industry.
The trend suggests criminals are shifting tactics from hacking systems to directly targeting individuals believed to control large amounts of digital assets.
Several incidents have reinforced these concerns. Earlier this year, a crypto worker in France reportedly fought off an armed attacker who posed as a delivery driver during a home invasion attempt. Authorities later arrested a suspect and charged him with attempted armed robbery.
Another reported case involved a trader seeking the recovery of funds after claiming to be the victim of a violent $24 million crypto robbery.
The incidents have intensified concerns around personal safety across the digital asset sector.
Coinbase and Gemini increase protection budgets
Crypto firms are now treating executive security as a core business expense.
Coinbase increased security spending for CEO Brian Armstrong to about $8.7 million in 2025, up from approximately $6.2 million a year earlier. The company’s filings show security measures can include protection officers, secure accommodation, and residential security support.
Meanwhile, Gemini entered a security services agreement in early 2026 covering executive protection, transportation, and risk advisory services. The arrangement reportedly costs the exchange $400,000 monthly, excluding additional expenses.
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