Crypto security budgets surpass Wall Street's amid rising threats

The cryptocurrency industry is building security systems comparable to those of major financial institutions in response to a surge in physical threats, Bloomberg reported. The media outlet noted that Coinbase is set to spend approximately $7.6 million on CEO security in 2025, an increase of over 20% from the previous year and a figure that surpasses the security costs for chief executives at major Wall Street banks. Executive Risk Services, a security firm specializing in the crypto sector, now receives one client inquiry per week, a significant increase from one per quarter just two years ago. The report also highlighted that at last month's Bitcoin 2026 conference, most key speakers were accompanied by personal bodyguards, and a workshop on protecting crypto assets during a home invasion was fully booked, underscoring security's emergence as a core issue for the industry.