Crypto CEO Security Costs Surge as Physical Attacks Rise 75%
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Coinbase reported spending approximately $7.6 million on personal security for CEO Brian Armstrong in 2025, a more than 20% increase from the prior year, according to proxy filings cited by Bloomberg. The rise follows a 75% increase in physical attacks on crypto holders last year, with CertiK documenting 72 confirmed incidents and $41 million in known losses, underscoring mounting security risks for crypto adoption and centralized exchanges (CEXs).
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Coinbase reportedly spent approximately $7.6 million on personal security for CEO Brian Armstrong in 2025, a more than 20% increase from the year before.
This is according to the company’s proxy filings cited in a report by Bloomberg, with the spending coming after physical attacks on crypto holders rose 75% last year. Per data from blockchain security firm CertiK, there have been 72 confirmed incidents and $41 million in known losses.
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