Why are the crypto high rollers betting on bodyguards – Tradingview News

Before the Global Inc. covered. Discovered that hackers stole home addresses and accounts of their customers, Jethro Pijlman is a video enrollment in interest from concerned clients with large crypts looking for bodyguards and other forms of protection.

Pijlman works for a company based on Amsterdam, which has been taking care of the wave of abductions who hit the industry – the last week took place last week, when the attackers tried to abete the daughter of French cryptocurrency.

“We had more inquiries, long-term clients and proactive requirements from crypto investors who do not want to be caught in the guard,” Pijlman said, Director General in infinite risks to international international energy. “They realize that intelligent security measures are part of business costs at this level.”

People with crippt wealth face unique physical risks, because public blocks such as Bitcoin and Ethereum allow the tokens to be transferred immediately and anonymously. This means that if an individual is forced to give up access to the accommodation of credentials according to their farms, their property can disappear within a few seconds with small recovery shorts. In contrast, in traditional financial services, bank accounts can be frozen or seized by law, allowing more chances to return lost money.

Physical security concerns came first after attacking the waiters, because hackers who have penetrated cripptocurrenci, to allow them to identify and follow customers with a large farm – a frightening perspective for a few days after trying to abduction in France.

Several victims of coin violations refused to talk about the Bloomberg record, inviting concerns that their security could jeopardize the appointment in the story.

“Crypto traders are acutely concerned about their privacy during data leak,” Ronghui Gu, co-founder Chickchain security company certika and an associate professor of computer science at Columbia University. “Cryptocurrency can only be transferred with only private key and is extremely difficult to recover,” he added. “This makes up the Cripto Traders the main goals for criminals.”

Massive investments in the industry in the protection of network systems can even encourage the risks of offline. Rapid CRIPTO Innovation meant so challenging that opponents resort to physical attacks, according to Charles Marina, General Manager of Sentinel’s security company, which provides intelligence reports on industry containment.

“Currently, the scenery of the crypto threat is very high,” he said.

Elevated concerns about the security of Kopriptova Head and their loved ones are illustrated with the amount of money that coins consumes to protect their chief executive, Brian Armstrong.

Last year, the company spent $ 6.2 million for Armstrong for Armstrong, according to the April regulator, which submitted this detailed executive. It’s more than a combined amount that JPMorgan Chase & Co., Goldman Sachs Group Inc. And Nvidia Corp. They spent their executive directors, similar submissions were shown.

Representatives of coins did not react to the comment requests for this story.

Coinbase said the leak influenced less than 1% of their monthly users who are a transaction. Nevertheless in months, criminals had access to customer data involving their names, addresses, ID-ID images, transaction history and account balance. Workers to support customers in India are bribured to be accessed by the company’s data.

The criminals have already used information to cheat some customers for coincars who submitted access to their accounts or transfer their tokens. As with data leaks from traditional banks, personal information can be used for internet fraud and identity theft. But physical threats are especially worrying for crypts investors, many of whom long functioned anonymously to avoid threats.

In the attempt at the abduction in Paris last week, criminals targeted the members of the Director General of Paimium, French Cripto exchange. Although this attempt was fooled, it was only the last in a series of similar attacks. David Balland, co-founder of the French crypto wallet to launch Planter Sas, remained with mutilated hand after he and his partner were kidnapped in January.

Attacks escalated enough that French interior minister Bruno Retaillea was promised to establish a priority number of emergency police for the industry. The elite French police will also offer special briefings and security examinations for CRIPTO executives and their families.

On social media, kidnappings and a recent attack on coins led to merchants to say they soon avoid trips to France. Ethcc, An annual crypto conference in Cannes, has increased security measures for this summer gathering, according to the event spokesperson. This included coordination with several branches of the French law enforcement, special forces and private security firms, and not only the local police, as in previous years.

These questions, however, were not only limited to France. One security expert Bitcoin, Jameson Lopp, maintains a public database of physical attacks on cryptocurrency owners. The documents are more than 20 incidents around the world this year.

Numerous American companies working with digital tokens pay the protection of the manager. Circle the Internet Group Inc., which has declared its intention to the public this year, spent about $ 800,000 for personal security for the General Director of Jeremy Allair in 2024. years, while Robin Marketa Inc. Spent about $ 1.6 million at Tenev government, according to the company.

The amount of these companies spend pins compared to costs on some technological giants. Mark Zuckerberg and Alphabet Inc. Sandar Pichai rang from $ 27.2 million, or $ 8.2 million, respectively, although their companies are more valuable than any CRIPTO company today.

In addition to bodyguards, Pijlman’s firm, infinite risks International, offers armored vehicles, home security assessments and monitoring social media to not detect information about their physical location. “It often takes a close call or story in the news, but once they understand the threat, but when they understand it, but when they understand it, they can create their digital success very real – world risks.”