Cryptocurrency exchanges and executives are ramping up security expenditures in response to increasing threats such as kidnappings and "wrench attacks." Coinbase reported spending approximately $8.7 million in 2025 on security measures for CEO Brian Armstrong, a significant increase from $6.2 million in 2024. Similarly, Gemini disclosed monthly payments of $400,000 to Winklevoss Capital Management for executive protection and related services for its CEO and president, highlighting the growing emphasis on personal security in the crypto industry.