Crypto Execs' Security Spending Revealed

Crypto companies are spending large sums of money on personal security for their top executives, with some budgets reaching into millions of dollars.

A review of SEC filings reveals that Coinbase spent $7,634,834 in 2025 to protect its CEO, Brian Armstrong, which is approximately $20,900 per day. This represents a more-than-20% increase from the $6.2 million spent on Armstrong's security in 2024.

Gemini, another major crypto exchange, pays $2,490,844 per individual for the provision of personal security services for its president and CEO, Cameron Winklevoss and Tyler Winklevoss. This is approximately 33% as much as Armstrong's security costs.

Circle, the firm behind stablecoin USDC, also reveals that it pays for security, with a total of $4,096,862 spent on personal travel and home security enhancement for its Chairman and CEO, Jeremy Allaire. Other executives at Circle received smaller sums for home security enhancements.

The trend highlights the growing concern for physical attacks on crypto investors and executives, particularly in France where reports claim that there's been one violent crypto-related robbery attempt every five days on average this year.