Executives of crypto companies are increasingly becoming victims of extortion and "wrench attacks" — violent attacks aimed at gaining access to digital assets. In 2025, more than 20 such incidents have already been recorded worldwide.
- Coinbase spent $6.2 million on security for CEO Brian Armstrong — more than JPMorgan or Nvidia.
- Circle — $800,000 on protecting CEO Jeremy Allaire, Robinhood — $1.6 million on its head Vlad Tenev.
- Victims receive threats, are kidnapped with their families, and in some cases — fingers were severed.
- After the attack on a Coinbase employee, the French Ministry of the Interior promised to create a hotline for the crypto industry.