The recent surge in physical threats to crypto investors with substantial holdings has led to an increased demand for personal security services. Infinite Risks International, an Amsterdam-based physical security and intelligence services provider, has seen a rise in inquiries and long-term clients from crypto investors who are looking to protect themselves. Managing director Jethro Pijlman stated that intelligent security measures are now considered a necessary cost of doing business at this level.
The need for personal security among crypto investors has been reaffirmed by a growing number of kidnappings and extortion incidents over the last decade. Concerned investors have been trying to enhance their security measures since 2018, but recent high-profile incidents have prompted many to hire bodyguards. The kidnapping of Ledger co-founder David Balland and his wife earlier this year was a wake-up call for many in the crypto community.
The threat to crypto holders is considered “very high” as hackers are able to access sensitive information that can be used to track down their physical location. This has made wealthy crypto executives prime targets for criminals who hope to access their crypto assets by physically endangering them. The French government has even taken steps to increase security for crypto executives in the country following a series of attacks.
Many crypto entrepreneurs and holders of massive wealth are now spending millions each year on personal security. Companies like Coinbase, Circle, and Robinhood have allocated significant budgets to ensure the protection of their CEOs. Infinite Risks International offers a range of security services to its clients, including bodyguards, armored vehicle transports, home security, and social media monitoring to prevent leaks of physical locations.
As the crypto threat landscape continues to evolve, it is crucial for investors to take their personal security seriously. The digital success of crypto holders can lead to very real-world risks, making it essential to invest in comprehensive security measures to protect themselves and their assets.